Updated Dec 18, 2023
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
Bronx MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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