Moshe Greenblat Acquires Mixed-Use Property At 271 E. 150th St. In Melrose For $3.2M
271 East 150th Street, The Bronx, New York 10451, United States
$3,200,000
$302/SF
Building Size
10,580 SF
Asset Type
MultiFamily
Closing
May 30, 2022
AI
The mixed-use property located at 271 E. 150th St. in Melrose has recently been sold for $3,200,000. The transaction was completed on 05/31/2022 and involved a total area of 10,587 square feet, resulting in a price per square foot of $302.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,200,000
- Address: 271 E. 150th St.
- Market: Melrose
The buyer of the property was Moshe Greenblat, while the seller was Richard Glielmi. The deal was facilitated by brokers David Warren and Amet Liranzo from KSR. It's worth noting that this transaction was completed in under 40 days, demonstrating the efficiency and growth of Kassin Sabbagh Realty's Bronx team. For any future opportunities, interested parties can reach out to David Warren at [email protected] or Amet Liranzo at [email protected].
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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93