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
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