Christian Dedvukaj Oversees $1.85M Multifamily Sale In Fordham, Bronx
SOLD
$1,845,000
New York
See Similar DealsMultiFamily25,000 SF
Sold 06/26/2024
SOLD
Christian Dedvukaj Oversees $1.85M Multifamily Sale In Fordham, Bronx
2801 Valentine Avenue
See Similar DealsMultiFamily25,000 SF
Sold 06/26/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$73
Total Square Footage:25,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,554.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,746.24
Annual Debt Service$104,954.90
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