Salomon Cojab Acquires Melrose Multifamily Property For $3.1M
3052 Third Ave., The Bronx, NY 10451, USA
$3,100,000
$46/SF
Building Size
66,500 SF
Asset Type
MultiFamily
Closing
Dec 22, 2019
AI
A multifamily property located at 3052 3rd Avenue in the Melrose neighborhood of Bronx has been sold in a closed transaction. The property spans 6,650 square feet and consists of 9 units. The sale price of the property was $3,250,000, with a price per square foot of $466. The seller of the property was Eli Silverman, and the buyer was Salomon Cojab, representing Visabe Corporation. The transaction was facilitated by brokers Greg Corbin and Brandon Serota from Rosewood Realty Group, along with Ceasar Salama.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $3,250,000
- Square Footage: 6,650
- Price per Square Foot: $466
- Units: 9
- Seller: Eli Silverman
- Buyer: Salomon Cojab - Visabe Corporation
- Brokers: Greg Corbin, Brandon Serota - Rosewood Realty Group and Ceasar Salama
The successful transaction of this multifamily property in Melrose, Bronx involved key individuals and companies. Salomon Cojab represented Visabe Corporation as the buyer in the deal. Greg Corbin and Brandon Serota from Rosewood Realty Group, along with Ceasar Salama, played crucial roles as brokers, facilitating the transaction for the parties involved.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93