BGM Capital Acquires Multifamily Property In Mott Haven For $930,000
282 Alexander Avenue, Bronx, NY 10454
$930,000
$407/SF
Building Size
2,280 SF
Asset Type
MultiFamily
Closing
Dec 29, 2021
AI
The multifamily property located at 282 Alexander Ave. in Mott Haven, Bronx, was recently sold in a closed transaction. The property has a total of 2,280 square feet and is zoned as R6. The sale took place on 12/29/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $930,000
- Market: Mott Haven
- Address: 282 Alexander Ave.
- Zoning: R6
The buyer, BGM Capital, acquired the property from Dash Real Estate Group. Dash Real Estate Group was represented by Joshua Dardashtian and Jarret Kerman in the transaction. The sale price amounted to $930,000, resulting in a price per square foot (PPSF) of $407. The property has a total of 2 units, equating to a price per unit (PPU) of $465,000.
It is worth noting that Dash Real Estate Group owns one of the largest portfolios of residential properties in the Mott Haven section of the Bronx. They are actively seeking new value-add projects and development sites. Opportunities can be shared with them through direct messages (DM).
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
17.06%
Cash-on-Cash
-4.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93