David Yeroshalmi Purchases Bronx Multifamily Property From Jenel Management For $6.3 Million
SOLD
$6,300,000
New York
See Similar DealsMultiFamily20,512 SF
Sold 09/20/2024
SOLD
David Yeroshalmi Purchases Bronx Multifamily Property From Jenel Management For $6.3 Million
2865 Third Avenue
See Similar DealsMultiFamily20,512 SF
Sold 09/20/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$307
Total Square Footage:20,512 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily building located at 2865 Third Avenue in the Bronx. The sale price was $6,300,000, and the building encompasses a total area of 20,512 square feet, which represents a price per square foot of $307.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,300,000
- Address: 2865 Third Avenue
- Market: Bronx
- Square Footage: 20,512
- Price per Square Foot: $307
- Buyer: David Yeroshalmi
- Seller: Jenel Management
- Brokers: Ben Khakshoor, Reouven Elharar & Alex Fuchs - Rosewood Realty Group
The transaction involved key individuals such as David Yeroshalmi as the buyer and Jenel Management as the seller. The brokers representing this transaction were Ben Khakshoor, Reouven Elharar, and Alex Fuchs from Rosewood Realty Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$336,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57
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