GFI Realty Services Facilitates $2.65M Sale Of Multifamily Property In University Heights, Bronx
2477 Grand Ave Bronx, NY 10468, USA
$2,650,000
$110/SF
Building Size
23,890 SF
Asset Type
MultiFamily
Closing
Aug 23, 2023
AI
A multifamily property located at 2477 Grand Avenue in University Heights, Bronx has been sold for a price of $2,650,000. The property consists of 30 units with an average price per unit of $88,333. It spans an area of 23,890 square feet with an average price per square foot of $111. The sale was facilitated by Zachary Fuchs of GFI Realty Services on behalf of the seller, Yaakov Oppenehimer.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,650,000
- Address: 2477 Grand Avenue
- Market: University Heights, Bronx
- Units: 30
- Price per Unit: $88,333
- Square Footage: 23,890
- Price per Square Foot: $111
Zachary Fuchs of GFI Realty Services acted as the broker in this transaction.
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93