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

Property Image
SOLD
$2,510,000

New York

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MultiFamily23,491 SF
Sold 04/23/2024
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Property Image
SOLD

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

2802 Grand Concourse

See Similar Deals
MultiFamily23,491 SF
Sold 04/23/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$106
Total Square Footage:23,491 SF
Transaction Type:Sale

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 (Mike) Fusco
88 deals$576.1M volume(973) 865-6303
BROKER

Seth Glasser
Marcus & Millichap
125 deals$1.1B volume
BROKER

Benny Katz
Marcus & Millichap
34 deals$232.9M volume
BROKER

Details

SOLD
IMAGE: Michael Fusco, Seth Glasser & Benny Katz DATE: 04/23/2024 ADDRESS: 2802 Grand Concourse MARKET: Bronx ASSET TYPE: Multifamily SELLER: Mark Vuksanaj BROKERS: Seth Glasser (@SethGlasser1), Michael Fusco (@Mike_Fusco_NYM) & Benny Katz (@Bbbennis_2k) - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $2,510,000 UNITS: 22 ~ PPU: $114,091 SF: 23,491 ~ PPSF: $107

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$133,866.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,917.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,898.68
Annual Debt Service$142,784.17