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

Property Image
SOLD
$9,093,167

New York

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MultiFamily63,020 SF
Sold 06/23/2021
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Property Image
SOLD

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

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

See Similar Deals
MultiFamily63,020 SF
Sold 06/23/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$144
Total Square Footage:63,020 SF
Transaction Type:Sale

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

17 deals$181.6M volume
BUYER

17 deals$279.3M volume
SELLER

Details

SOLD
IMAGE: 06/23/2021 ADDRESS: 2344 Davidson Avenue MARKET: University Heights,Bronx ASSET TYPE: Multifamily ~ ZONING: R7-1 BUYER: Sal D'Avola SELLER: Joseph Friedman PRICE: $9,093,167 BSF: 39,560 ~ PPBSF: $229 SF: 63,020 ~ PPSF: $144 FAR: 5.48 TAX CLASS: 2 LOT SIZE: 11,500 PERMITS: Alteration type 3 (07/07/2019) LOT DIMENSIONS: 115 ft x 100 ft

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,306.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,106.25
Annual Debt Service$517,275.01