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2369 Hoffman Street, Belmon...

Updated Dec 21, 2023

Yair Bohadana Acquires Multi Family Property In Belmont, Bronx For $3.45M
SOLDMultiFamily

Yair Bohadana Acquires Multi Family Property In Belmont, Bronx For $3.45M

2369 Hoffman Street, Belmont, Bronx, NY, USA

$3,450,000

$235/SF

Building Size

14,675 SF

Asset Type

MultiFamily

Closing

Oct 14, 2021

About this deal

AI

The multi-family property located at 2369 & 2377 Hoffman Street in Belmont, Bronx has been sold in a closed transaction. The property is zoned as R6, C2-4, allowing for multiple uses. The sale took place on October 15, 2021.

Summary of transaction details:

  • Property Type: Multi Family
  • Transaction Amount: $3,450,000
  • Market: Belmont, Bronx
  • Zoning: R6, C2-4

The buyer of the property is Yair Bohadana, while the seller is Yosef H Emergi. The property was sold at a price of $3,450,000, with a building square footage (BSF) of 15,358 and a price per BSF (PPBSF) of $225. The total lot size is 3,170 square feet, with a last sale price of $1,330,000 recorded on August 16, 2016. The property has a floor area ratio (FAR) of 2.32 and falls under tax class 2B. Permits were obtained on May 5, 2021, and the lot dimensions measure 33.4 ft x 94.9 ft.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $235 per square foot on a published $3.5M for 14,675 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.60%

Cash-on-Cash

-1.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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