Christian Dedvukaj Oversees $1.85M Multifamily Sale In Fordham, Bronx
2801 Valentine Avenue
$1,845,000
$73/SF
Building Size
25,000 SF
Asset Type
MultiFamily
Closing
Jun 26, 2024
AI
The multifamily property located at 2801 Valentine Avenue in Fordham, Bronx was sold by the Catto Family. The property consists of 16 units with a total square footage of 25,000 and was sold for $1,845,000, translating to a price per unit of $115,313 and a price per square foot of $74.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,845,000
- Units: 16
- Price Per Unit: $115,313
- Square Footage: 25,000
- Price Per Square Foot: $74
- Address: 2801 Valentine Avenue
- Market: Fordham, Bronx
Christian Dedvukaj of Princeton Realty Group acted as the broker representing the sellers, the Catto Family, in this transaction.
Bronx 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
8.60%
Cash-on-Cash
-2.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93