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2344 Davidson Avenue, West ...

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

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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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