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2709 Heath Avenue, Bronx, N...

Zeqe Mehmetaj Acquires MultiFamily Property In Bronx For $7.23M
SOLDMultiFamily

Zeqe Mehmetaj Acquires MultiFamily Property In Bronx For $7.23M

2709 Heath Avenue, Bronx, NY 10463

$7,230,000

$184/SF

Building Size

39,150 SF

Asset Type

MultiFamily

Closing

Mar 10, 2019

AI

The multifamily property located at 2709 Heath Ave in the Bronx has been sold for a total price of $7,230,000. The property spans across 39,150 square feet, resulting in a price per square foot of $184. The sale was completed on March 11, 2019.

Summary of transaction details

  • Property Type: MUltifamily
  • Transaction Amount: $7,230,000
  • Square Footage: 39,150
  • Price per Square Foot: $184
  • Address: 2709 Heath Ave, Bronx
  • Seller: Emerald Group - Isaac Kassirer
  • Buyer: Zeqe Mehmetaj
  • Broker: StevenVegh

The seller, Isaac Kassirer, represented by the Emerald Group, successfully completed the sale of the property to Zeqe Mehmetaj. The buyer was assisted by StevenVegh, the broker involved in the transaction.

Players

Steven Vegh

Westwood Realty Associates

Broker

$2.5B

vol

68 deals

Broker

Zeqe Mehmetaj

Buyer

$41.6M

vol

5 deals

Buyer
Isaac Kassirer

Isaac Kassirer

Emerald Group

Seller

$47.2M

vol

4 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.19%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93