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2627 Webster Ave Bronx, NY ...

Updated Oct 25, 2024

Gent Rrahmani Acquires 16-Unit Multifamily Building In Fordham Manor, Bronx For $1.8M
SOLDMultiFamily

Gent Rrahmani Acquires 16-Unit Multifamily Building In Fordham Manor, Bronx For $1.8M

2627 Webster Ave Bronx, NY 10458, USA

$1,800,000

$150/SF

Building Size

11,935 SF

Asset Type

MultiFamily

Closing

May 10, 2023

About this deal

AI

Located at 2627 Webster Avenue in the Fordham Manor neighborhood of The Bronx, a 16-unit rent-stabilized multifamily building was recently sold. The property spans a total of 11,935 square feet and offers a mix of units. The sale price for this property was $1,800,000, equating to a price per unit of $112,500 and a price per square foot of $151.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,800,000
  • Units: 16
  • Price per Unit: $112,500
  • Square Footage: 11,935
  • Price per Square Foot: $151
  • Address: 2627 Webster Avenue, Fordham Manor, Bronx

Gent Rrahmani was the buyer of this property, while Jorge Muzic acted as the seller. The deal was facilitated by DJ Johnston and Jared Friedman of B6 Real Estate Advisors.

According to DJ Johnston, the sale of 2627 Webster Avenue was a successful transaction. For more details on this property or to compare it with similar buildings, interested parties can contact DJ Johnston at [email protected] or 914-584-7422.

Players

DJ Johnston

Matthews

Broker

$504.3M

vol

105 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $150 per square foot on a published $1.8M for 11,935 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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