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2504 Olinville Avenue

Paul Gjonaj Acquires Multifamily Property At 2504 Olinville Avenue From Mark Scharfman For $4.1M
SOLDMultiFamily

Paul Gjonaj Acquires Multifamily Property At 2504 Olinville Avenue From Mark Scharfman For $4.1M

2504 Olinville Avenue

$4,100,000

$129/SF

Building Size

31,751 SF

Asset Type

MultiFamily

Closing

Jan 29, 2025

AI

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.

Players

Paul Gjonaj

Buyer

$26.1M

vol

3 deals

Buyer

Mark Scharfman

Seller

$44M

vol

6 deals

Seller

Bronx 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

3.87%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93