facebook
Traded Co logo
Submit

Jason Carmine Acquires Multi-Family Property On Valentine Ave. In Fordham, Bronx For $1.7M

Property Image
SOLD
$1,700,000

New York

See Similar Deals
MultiFamily65,000 SF
Sold 10/10/2018
the dealplayerscompscontact
Property Image
SOLD

Jason Carmine Acquires Multi-Family Property On Valentine Ave. In Fordham, Bronx For $1.7M

2726 Valentine Ave, The Bronx, NY 10458, USA

See Similar Deals
MultiFamily65,000 SF
Sold 10/10/2018
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$26
Total Square Footage:65,000 SF
Transaction Type:Sale

A multi-family property located at 2726 Valentine Ave. in the Fordham neighborhood of the Bronx has been sold for $1,700,000. The property has a total area of 6,500 square feet and a price per square foot of $261. The purchase price per unit is $189,000.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $1,700,000
  • Address: 2726 Valentine Ave.
  • Market: Fordham, Bronx

The seller of the property was David Sommerstein, and the buyer was Jason Carmine. Jonathan Brody represented the seller in the transaction, while Ben Khakshoor served as the buyer's representative.

Players

2 deals$12.3M volume
SELLER

Details

SOLD
IMAGE: Ben Khakshoor and Jonathan Brody DATE: 10/10/2018 ADDRESS: 2726 Valentine Ave. MARKET: Fordham, Bronx ASSET TYPE: Multi Family SALE PRICE: $1,700,000 SF: 6,500 / PPSF: $261 / PPU: $189K SELLER: David Sommerstein BUYER: Jason Carmine SELLER’S REPRESENTATIVE: Jonathan Brody BUYER’S REPRESENTATIVE: Ben Khakshoor

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$90,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41