Laura O’Shea Acquires Multifamily Property In Bedford Park, Bronx For $4.1M
2870 Marion Avenue, Bronx, NY 10458
$4,125,000
$74/SF
Building Size
55,203 SF
Asset Type
MultiFamily
Closing
Nov 23, 2020
AI
Located in Bedford Park, Bronx, the recently closed property transaction at 2870 Marion Avenue involved the sale of a multifamily asset. The property spans a total area of 55,203 square feet and is zoned as R7A. The transaction took place on November 24, 2020, with a purchase price of $4,125,000, resulting in a price per square foot of $74. The property falls under tax class 2.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,125,000
- Address: 2870 Marion Avenue, Bedford Park, Bronx
- Market: Bedford Park, Bronx
- Zoning: R7A
The buyer in this transaction was Laura O’Shea, while the seller was William Schur. The deal was facilitated by brokers Jonny Yuran, Ron Solarz, and Billy Cohen of Newmark.
Players
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
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93