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GFI Realty Services Facilitates $2.65M Sale Of Multifamily Property In University Heights, Bronx

Property Image
SOLD
$2,650,000

New York

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MultiFamily23,890 SF
Sold 08/23/2023
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Property Image
SOLD

GFI Realty Services Facilitates $2.65M Sale Of Multifamily Property In University Heights, Bronx

2477 Grand Ave Bronx, NY 10468, USA

See Similar Deals
MultiFamily23,890 SF
Sold 08/23/2023
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$110
Total Square Footage:23,890 SF
Transaction Type:Sale

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.

Players

Zachary Fuchs
GFI Realty Services
Zachary Fuchs
62 deals$322.8M volume
BROKER

Details

SOLD
IMAGE: Zachary Fuchs DATE: 08/23/2023 ADDRESS: 2477 Grand Avenue MARKET: University Heights, Bronx ASSET TYPE: Multifamily SELLER: Yaakov Oppenehimer BROKER: Zachary Fuchs (@ZacharydFuchs) - GFI Realty Services (@GFIRealty) SALE PRICE: $2,650,000 UNITS: 30 ~ PPU: $88,333 SF: 23,890 ~ PPSF: $111

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$141,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,562.35
Annual Debt Service$150,748.22