Updated Oct 25, 2024
Jason Carmine Acquires Multi-Family Property On Valentine Ave. In Fordham, Bronx For $1.7M
2726 Valentine Ave, The Bronx, NY 10458, USA
$1,700,000
$26/SF
Building Size
65,000 SF
Asset Type
MultiFamily
Closing
Oct 9, 2018
About this deal
AI
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.
On the Map
$1,700,000
$26/SF
MultiFamily
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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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93