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
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