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271 East 150th Street, The ...

Moshe Greenblat Acquires Mixed-Use Property At 271 E. 150th St. In Melrose For $3.2M
SOLDMultiFamily

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

David Warren

Kassin Sabbagh Realty

Broker

$283.8M

vol

27 deals

Broker

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