Tony Huang Acquires Multifamily Property On University Ave. In Fordham, BX For $2.75M
SOLD
$2,750,000
New York
See Similar DealsMultiFamily15,515 SF
Sold 01/24/2019
SOLD
Tony Huang Acquires Multifamily Property On University Ave. In Fordham, BX For $2.75M
2430 University Avenue, The Bronx, NY, USA
See Similar DealsMultiFamily15,515 SF
Sold 01/24/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$177
Total Square Footage:15,515 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
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