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2344 Davidson Avenue, West ...

Updated Dec 18, 2023

Bilt advertisement
Sal D'Avola Acquires Multifamily Property On Davidson Avenue, Bronx For $9.1M
SOLDMultiFamily

Sal D'Avola Acquires Multifamily Property On Davidson Avenue, Bronx For $9.1M

2344 Davidson Avenue, West Bronx, Bronx, NY, USA

$9,093,167

$144/SF

Building Size

63,020 SF

Asset Type

MultiFamily

Closing

Jun 22, 2021

About this deal

AI

The multifamily property located at 2344 Davidson Avenue in University Heights, Bronx has been sold for a price of $9,093,167. The property has a building size of 39,560 square feet and a price per square foot of $229. The total square footage of the property is 63,020, resulting in a price per square foot of $144. The lot size is 11,500 square feet with lot dimensions of 115 ft x 100 ft. The property is zoned as R7-1 and falls under tax class 2. An alteration permit of type 3 was issued on July 7, 2019.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $9,093,167
  • Building Square Footage: 39,560 sqft
  • Price per Square Foot: $229
  • Total Square Footage: 63,020 sqft
  • Price per Square Foot: $144
  • Lot Size: 11,500 sqft
  • Lot Dimensions: 115 ft x 100 ft
  • Zoning: R7-1
  • Tax Class: 2
  • Permit: Alteration type 3 (07/07/2019)

The buyer of the property is Sal D'Avola, and the seller is Joseph Friedman.

Players

Sal D'Avola

Buyer

$181.6M

vol

17 deals

Buyer

Joseph E. Friedman

Topaz Capital Group

Seller

$279.3M

vol

17 deals

Seller

Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $144 per square foot on a published $9.1M for 63,020 square feet (2021).

Visit Joseph E. Friedman to view all their deals.

Browse New York multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.74%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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