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Sean Malki Acquires Multifamily Asset At 2343 Valentine Avenue Bronx For $2.1M With Joshua Pomerantz As The Broker

Property Image
SOLD
$2,100,000

New York

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MultiFamily23,771 SF
Sold 07/09/2024
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Property Image
SOLD

Sean Malki Acquires Multifamily Asset At 2343 Valentine Avenue Bronx For $2.1M With Joshua Pomerantz As The Broker

2343 Valentine Avenue

See Similar Deals
MultiFamily23,771 SF
Sold 07/09/2024
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$88
Total Square Footage:23,771 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 2343 Valentine Avenue in the Bronx. It was sold for $2,100,000, with a total of 30 units available. The property encompasses a total square footage of 23,771, resulting in a price per unit of $70,000 and a price per square foot of $88.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,100,000
  • Units: 30
  • Square Footage: 23,771
  • Price Per Unit: $70,000
  • Price Per Square Foot: $88
  • Buyer: Sean Malki
  • Seller: Silvio Guerrero
  • Broker: Joshua Pomerantz - SP Capital Group
  • Date of Transaction: 07/09/2024

Joshua Pomerantz represented the transaction on behalf of the seller, Silvio Guerrero, and expressed appreciation to @siminoulaw for their assistance with this deal.

Players

Joshua "Josh" Pomerantz
SP Capital Group
Joshua Pomerantz
31 deals$142.6M volume(212) 235-2764
BROKER

Details

SOLD
IMAGE: Joshua Pomerantz DATE: 07/09/2024 ADDRESS: 2343 Valentine Avenue MARKET: Bronx ASSET TYPE: Multifamily BUYER: Sean Malki SELLER: Silvio Guerrero BROKER: Joshua Pomerantz (@Pomdiggz) - SP Capital Group (@SPCapitalGroup) SALE PRICE: $2,100,000 UNITS: 30 ~ PPU: $70,000 SF: 23,771 ~ PPSF: $88 NOTE FROM BROKER: special thank you to @siminoulaw for assisting in this transaction. For more off market opportunities, please reach out to Josh Pomerantz: Josh Pomerantz [email protected] 212-242-5509

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86