facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

2343 Valentine Avenue

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

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

2343 Valentine Avenue

$2,100,000

$88/SF

Building Size

23,771 SF

Asset Type

MultiFamily

Closing

Jul 9, 2024

AI

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 Pomerantz

SP Capital Group

Broker

$142.6M

vol

31 deals

Broker

Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93