facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

2964 Valentine Ave, The Bro...

Pale Cotaj Acquires Multifamily Property On Valentine Avenue In Bronx For $5.71M
SOLDMultiFamily

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

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.

Players

Jonathan Bichoupan

Westbridge Realty Group

Broker

$29.9M

vol

9 deals

Broker

New York 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93