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
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