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2477 Grand Ave Bronx, NY 10...

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

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.

Players

Zachary Fuchs

GFI Realty Services

Broker

$325.2M

vol

63 deals

Broker

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