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2384 Webster Avenue

Hajdarmataj Family Purchases Multifamily Property At 2384 Webster Avenue For $1.15M
SOLDMultiFamily

Hajdarmataj Family Purchases Multifamily Property At 2384 Webster Avenue For $1.15M

2384 Webster Avenue

$1,150,000

$134/SF

Building Size

8,580 SF

Asset Type

MultiFamily

Closing

Nov 1, 2024

AI

The property involved in this transaction is a multifamily asset located at 2384 Webster Avenue in the Belmont neighborhood of the Bronx. It features 8 units and has a total square footage of 8,580. The sale price for this property was $1,150,000, resulting in a price per unit of $143,750 and a price per square foot of $134.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Units: 8
  • Square Feet: 8,580
  • Price Per Unit: $143,750
  • Price Per Square Foot: $134
  • Buyer: Hajdarmataj Family
  • Seller: Ruth Lora
  • Broker: Jared Friedman, David Roman & Brandon Levy - Investment Property Realty Group (IPRG)

This transaction involved key individuals and representatives, with the brokers Jared Friedman, David Roman, and Brandon Levy representing the interests of the buyer and seller. This collaboration facilitated the successful closure of the deal, marking an important step for the Hajdarmataj Family in expanding their investment portfolio in the Bronx market.

Players

Jared Friedman

Investment Property Realty Group (IPRG)

Broker

$33.9M

vol

25 deals

Broker

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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93