Friedman-Roth Realty Facilitates $3.41M Sale Of Multifamily Property In The Bronx
SOLD
$3,410,000
New York
See Similar DealsMultiFamily34,425 SF
Sold 02/13/2023
SOLD
Friedman-Roth Realty Facilitates $3.41M Sale Of Multifamily Property In The Bronx
2909-2911 Valentine Avenue
See Similar DealsMultiFamily34,425 SF
Sold 02/13/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$99
Total Square Footage:34,425 SF
Transaction Type:Sale
A multifamily property located at 2909-2911 Valentine Avenue in The Bronx has been sold. The property consists of 35 units with a price per unit of $97,429. The total square footage of the property is 34,425, with a price per square foot of $99. The sale price for the property was $3,410,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,410,000
- Units: 35
- Price per Unit: $97,429
- Total Square Footage: 34,425
- Price per Square Foot: $99
The sale of the property was facilitated by Lynda Blumberg from Friedman-Roth Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,115.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,165.14
Annual Debt Service$193,981.68
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