Updated Dec 20, 2023
Tony Huang Acquires Multifamily Property On University Ave. In Fordham, BX For $2.75M
2430 University Avenue, The Bronx, NY, USA
$2,750,000
$177/SF
Building Size
15,515 SF
Asset Type
MultiFamily
Closing
Jan 23, 2019
About this deal
AI
A multifamily property located at 2430 University Ave. in Fordham, BX has been sold. The property was sold on January 24, 2019, for a total price of $2.75 million. The property spans an area of 15,515 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2.75 million
- Address: 2430 University Ave.
- Market: Fordham, BX
The seller of the property was Simon Abeckaser, while Tony Huang was the buyer. The transaction was facilitated by Lins Agokeng from XRE.NY brokerage.
On the Map
$2,750,000
$177/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93