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
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.
New York 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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93