Eric Miller Acquires Apartment Building On Claflin Avenue In Kingsbridge Heights, Bronx For $6.25M
2807 Claflin Avenue, The Bronx, New York 10468, United States
$6,248,000
$130/SF
Building Size
48,000 SF
Asset Type
MultiFamily
Closing
Apr 11, 2022
AI
A residential apartment located at 2807 Claflin Avenue in Kingsbridge Heights - Jerome Park, Bronx, was recently sold in a closed transaction. The property is zoned as R6 and comprises an apartment building. The transaction took place on April 12, 2022.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $6,248,000
- Market: Kingsbridge Heights - Jerome Park, Bronx
- Address: 2807 Claflin Avenue
The buyer in this transaction was Eric Miller, while the seller was Roseann Manginelli.
The property has a building square footage (BSF) of 24,300, with a price per BSF (PPBSF) of $257. The total square footage (SF) of the property is 48,000, with a price per square footage (PPSF) of $130. The floor area ratio (FAR) is 4.80, and the tax class is 2.
The lot size of the property is 10,000 square feet, with dimensions of 100 ft x 100 ft. The previous sale price of the property was $4,000,000 on July 8, 2008. The property has permits for alteration 2, issued on June 13, 2017.
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New York 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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93