Harry Lin Acquires Multifamily Property In Concourse Village, Bronx For $833K
SOLD
$833,000
New York
See Similar DealsMultiFamily3,900 SF
Sold 10/23/2018
SOLD
Harry Lin Acquires Multifamily Property In Concourse Village, Bronx For $833K
280 East 164th Street, Bronx, NY 10456, USA
See Similar DealsMultiFamily3,900 SF
Sold 10/23/2018
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$213
Total Square Footage:3,900 SF
Transaction Type:Sale
The multifamily property located at 280 East 164th Street in Concourse Village, Bronx has been sold for a price of $833,000. The property spans across 3,900 square feet, resulting in a price per square foot of $213. The gross income generated from this property is $78,000 annually.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $833,000
- Square Footage: 3,900
- Price per Square Foot: $213
- Gross Income: $78,000
The seller of the property is Maria Tenempaguay, while the buyer is Harry Lin. Matt Zeltser of @mattz718 served as the broker involved in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$44,426.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,959.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,948.84
Annual Debt Service$47,386.14
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