Updated Mar 11, 2025
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
About this deal
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.
On the Map
$4,100,000
$129/SF
MultiFamily
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Players
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