Updated Oct 25, 2024
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
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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