Friedman-Roth Realty Facilitates $3.41M Sale Of Multifamily Property In The Bronx
2909-2911 Valentine Avenue
$3,410,000
$99/SF
Building Size
34,425 SF
Asset Type
MultiFamily
Closing
Feb 13, 2023
AI
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.
Market 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
4.65%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93