Updated Sep 5, 2024
Aaron Jungreis Of Rosewood Realty Group Represents Buyer In $9.6M Bronx Property Sale
2474 Valentine Ave, Bronx, NY, 10458
$9,600,000
Units
54
Asset Type
MultiFamily
Closing
May 31, 2019
About this deal
AI
The property asset involved in the transaction is a 54-unit multifamily building located at 2474 Valentine Ave, Bronx, NY, 10458. The property was sold for a price of $9,600,000.00 and has a square footage of 0. It is situated in the Bronx market, specifically in the Fordham Heights neighborhood, and was originally built in 1925.
Summary of transaction details:
- Property Type: Multifamily Building
- Transaction Amount: $9,600,000.00
- Address: 2474 Valentine Ave, Bronx, NY, 10458
- Market: Bronx
- Buyer's Rep: Aaron Jungreis - Rosewood Realty Group
- Capitalization Rate: 5.5 percent
Aaron Jungreis of Rosewood Realty Group handled the transaction on behalf of both the buyer and the seller. The specific identities of the buyer and seller were not disclosed in the context of the deal.
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
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93