Zeqe Mehmetaj Acquires MultiFamily Property In Bronx For $7.23M
SOLD
$7,230,000
New York
See Similar DealsMultiFamily39,150 SF
Sold 03/11/2019
SOLD
Zeqe Mehmetaj Acquires MultiFamily Property In Bronx For $7.23M
2709 Heath Avenue, Bronx, NY 10463
See Similar DealsMultiFamily39,150 SF
Sold 03/11/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$184
Total Square Footage:39,150 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$385,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,686.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,273.89
Annual Debt Service$411,286.66
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