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2802 Grand Concourse

Mark Vuksanaj Sells Bronx Multifamily For $2.51M With Marcus & Millichap Brokers
SOLDMultiFamily

Mark Vuksanaj Sells Bronx Multifamily For $2.51M With Marcus & Millichap Brokers

2802 Grand Concourse

$2,510,000

$106/SF

Building Size

23,491 SF

Asset Type

MultiFamily

Closing

Apr 23, 2024

AI

The multifamily property located at 2802 Grand Concourse in Bronx was recently sold for $2,510,000. This property consists of 22 units with a price per unit of $114,091. The total square footage of the property is 23,491, resulting in a price per square foot of $107.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,510,000
  • Units: 22
  • Price Per Unit: $114,091
  • Square Footage: 23,491
  • Price Per Square Foot: $107
  • Address: 2802 Grand Concourse, Bronx
  • Market: Bronx

The sale of this property was facilitated by the team at Marcus & Millichap, comprised of brokers Seth Glasser, Michael Fusco, and Benny Katz. Mark Vuksanaj acted as the seller in this transaction.

Players

Michael Fusco

Marcus & Millichap

Broker

$576.1M

vol

88 deals

Broker

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

6.32%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93