Updated Dec 21, 2023
Seth Glasser & Mike Fusco Sell Fordham Multifamily For $3.75M
2750 Creston Avenue, The Bronx, New York 10468, United States
$3,750,000
$126/SF
Building Size
29,748 SF
Asset Type
MultiFamily
Closing
May 4, 2022
About this deal
AI
Located at 2750 Creston Ave. in the Fordham neighborhood of Bronx, this multifamily property was recently sold in a closed transaction. The sale was facilitated by Seth Glasser and Mike Fusco of Marcus & Millichap.
Summary of Transaction Details
- Property Type: Multifamily
- Sale Price: $3,750,000
- Units: 29
- Price per Unit: $129,310
- Total Square Footage: 29,760 SF
- Price per Square Foot: $126
- Market: Fordham, Bronx
The property consists of 29,760 square feet and is composed of 29 units. Each unit has an average price of $129,310. The sale price for the property was $3,750,000, which equates to a price per square foot of $126.
This transaction was facilitated by Seth Glasser and Mike Fusco, representing Marcus & Millichap. They played a pivotal role in ensuring a successful sale of this multifamily property in the Fordham neighborhood of Bronx.
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93