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Paul Gjonaj Acquires Multifamily Property At 2504 Olinville Avenue From Mark Scharfman For $4.1M
SOLD
New York
See Similar DealsMultiFamily31,751 SF
Sold 01/29/2025
SOLD
Paul Gjonaj Acquires Multifamily Property At 2504 Olinville Avenue From Mark Scharfman For $4.1M
2504 Olinville Avenue
See Similar DealsMultiFamily31,751 SF
Sold 01/29/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$129
Total Square Footage:31,751 SF
Transaction Type:Sale
A multifamily property located at 2504 Olinville Avenue in Allerton, Bronx, was sold for $4.1 million. The building has a total area of 31,751 square feet, resulting in a price per square foot of $129. The transaction was finalized on January 29, 2025.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,100,000
- Address: 2504 Olinville Avenue
- Market: Allerton, Bronx
- Square Footage: 31,751
- Price Per Square Foot: $129
- Buyer: Paul Gjonaj
- Seller: Mark Scharfman
Paul Gjonaj executed the purchase representing the buyer in this transaction, while Mark Scharfman was the seller involved in the deal. Both parties facilitated the transfer of ownership for the multifamily asset in the specified market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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