Updated Dec 20, 2023
Sam Batra Acquires Multifamily Property On Decatur Avenue, Fordham, Bronx For $705,000
2707 Decatur Avenue, Bronx, NY 10458
$705,000
$220/SF
Building Size
3,200 SF
Asset Type
MultiFamily
Closing
Mar 8, 2020
About this deal
AI
A multifamily property located at 2707 Decatur Avenue in the Fordham neighborhood of Bronx has been sold. The property, spanning 3,200 square feet, was sold for a price of $705,000. It features three units, with an average unit price of $235,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $705,000
- Address: 2707 Decatur Avenue
- Market: Fordham, Bronx
The seller of the property was Amarachukwu Egbujor, while the buyer was Sam Batra. Janet Arklis from Premier Metro Realty represented the seller in this transaction. The property was originally listed for $725,000, and it was delivered fully vacant. The sale price of $705,000 translates to a price per square foot of $220.
On the Map
$705,000
$220/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
22.50%
Cash-on-Cash
-6.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93