Updated Oct 29, 2024
BEH Acquisitions Acquires Multifamily Property In Fordham, Bronx For $7.6M
2649 Decatur Ave, The Bronx, NY 10458, USA
$7,688,635
$8/SF
Building Size
908,980 SF
Asset Type
MultiFamily
Closing
Sep 13, 2020
About this deal
AI
A multifamily property located at 2649, 2653, 2657, and 2661 Decatur Ave. in the Fordham neighborhood of Bronx has been sold in a recent transaction. The asset, with a total square footage of 90,898, is zoned as R7B and falls under tax class 2. The property consists of 80 units, with each unit priced at an average of $96,107.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,688,635
- Market: Fordham, Bronx
- Square Footage: 90,898
- Price per Square Foot: $84
- Units: 80
- Price per Unit: $96,107
The buyer of the property is BEH Acquisitions, while the seller is CDC Management Corp.
Players
New York 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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93