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3045 Godwin Terrace, Bronx,...

Updated Oct 29, 2024

Meridian Capital Group Represents $8.55M Multifamily Sale In Bronx
SOLDMultiFamily

Meridian Capital Group Represents $8.55M Multifamily Sale In Bronx

3045 Godwin Terrace, Bronx, NY 10463, USA

$8,550,000

$124/SF

Building Size

68,610 SF

Asset Type

MultiFamily

Closing

Feb 10, 2023

About this deal

AI

The multifamily property located at 3045 Godwin Terrace in the Bronx has been sold in a closed transaction. The property spans 68,610 square feet and was sold for a total price of $8,550,000, resulting in a price per square foot of $125.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,550,000
  • Square Footage: 68,610
  • Price per Square Foot: $125
  • Address: 3045 Godwin Terrace, Bronx

The sale of this multifamily property was facilitated by Amit Doshi and Shallini Mehra of the Meridian Capital Group. They represented the buyer and seller in this transaction.

Players

Shallini Mehra

Meridian Capital Group

Broker

$1.1B

vol

78 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $124 per square foot on a published $8.6M for 68,610 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.86%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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