Jason Carmine Acquires Multi-Family Property On Valentine Ave. In Fordham, Bronx For $1.7M
SOLD
$1,700,000
New York
See Similar DealsMultiFamily65,000 SF
Sold 10/10/2018
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 DealsMultiFamily65,000 SF
Sold 10/10/2018
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.
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Deal Type
30 years
10 years
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
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