Updated Dec 21, 2023
Pale Cotaj Acquires Multifamily Property On Valentine Avenue In Bronx For $5.71M
2964 Valentine Ave, The Bronx, NY 10458, USA
Building Size
363,000 SF
Asset Type
MultiFamily
Closing
Feb 22, 2018
About this deal
AI
The multifamily property located at 2964 Valentine Avenue in New York's Bronx neighborhood of Bedford Park has been sold in a closed transaction. The property spans a total of 36,300 square feet and consists of 37 units. The sale price for the property was $5,710,000, resulting in a price per square foot of $157.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,710,000
- Square Footage: 36,300 sf
- Price Per Square Foot: $157
- Number of Units: 37
The seller of the property was Kola Curanaj, while the buyer was Pale Cotaj. The deal was facilitated by Jonathan Bichoupan of Highcap Group, representing the buyer in the transaction.
On the Map
MultiFamily
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New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93