Mark Vuksanaj Sells Bronx Multifamily For $2.51M With Marcus & Millichap Brokers
SOLD
New York
See Similar DealsMultiFamily23,491 SF
Sold 04/23/2024
SOLD
Mark Vuksanaj Sells Bronx Multifamily For $2.51M With Marcus & Millichap Brokers
2802 Grand Concourse
See Similar DealsMultiFamily23,491 SF
Sold 04/23/2024
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.
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Deal Type
30 years
10 years
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
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