BEH Acquisitions Acquires Multifamily Property In Fordham, Bronx For $7.6M
SOLD
$7,688,635
New York
See Similar DealsMultiFamily908,980 SF
Sold 09/14/2020
SOLD
BEH Acquisitions Acquires Multifamily Property In Fordham, Bronx For $7.6M
2649 Decatur Ave, The Bronx, NY 10458, USA
See Similar DealsMultiFamily908,980 SF
Sold 09/14/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$8
Total Square Footage:908,980 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$410,060.52
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,316.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,448.05
Annual Debt Service$437,376.63
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