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2483 Devoe Terrace, The Bro...

Leon Goldenberg Acquires $7.9M Fordham Apartment From Joshua Pamesek
SOLDMultiFamily

Leon Goldenberg Acquires $7.9M Fordham Apartment From Joshua Pamesek

2483 Devoe Terrace, The Bronx, New York 10468, United States

$7,900,000

$105/SF

Building Size

74,984 SF

Asset Type

MultiFamily

Closing

Sep 22, 2022

AI

The apartment building located at 2483 Devoe Terrace in Fordham, Bronx has been sold in a recent transaction. The property, which is zoned as R6, offers a total floor area of 34,773 square feet, with a price per square foot of $227. The building encompasses a total area of 74,984 square feet and is valued at $7,900,000, with a price per square foot of $105. The sale took place on September 23, 2022.

Summary of transaction details

  • Property Type: Apartment
  • Transaction Amount: $7,900,000
  • Market: Fordham, Bronx
  • Buyer: Leon Goldenberg
  • Seller: Joshua Pamesek
  • Building Square Footage: 34,773
  • Price per Square Foot: $227
  • Total Square Footage: 74,984
  • Price per Square Foot: $105
  • Zoning: R6
  • Tax Class: 2
  • Lot Size: 14,310
  • Permits: Alteration 2 (12/07/2017)
  • Lot Dimension: 93.17 ft x 154.67 ft

Leon Goldenberg represented the buyer in this transaction, while Joshua Pamesek served as the seller's representative. The property offers a floor area ratio of 5.24 and is classified as tax class 2. Its lot size measures 14,310 square feet, with dimensions of 93.17 ft x 154.67 ft. The property had undergone an alteration permit on December 7, 2017.

Players

Leon Goldenberg

Goldmont Realty

Broker

$26.9M

vol

5 deals

Broker
Leon Goldenberg

Leon Goldenberg

Buyer

$26.9M

vol

5 deals

Buyer

New York 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

2.01%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93