facebook
Traded Co logo
Submit

Salomon Cojab Acquires Melrose Multifamily Property For $3.1M

Property Image
SOLD
$3,100,000
Ceasar Salama
Brandon Serota
+ 1

New York

See Similar Deals
MultiFamily66,500 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Salomon Cojab Acquires Melrose Multifamily Property For $3.1M

3052 Third Ave., The Bronx, NY 10451, USA

See Similar Deals
MultiFamily66,500 SF
Sold
Ceasar Salama
Brandon Serota
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$46
Total Square Footage:66500 SF
Transaction Type:Sale

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

Brandon Serota
13 deals$604.1M volume(646) 502-3467
BROKER

Ceasar Salama
Kassin Sabbagh Realty
29 deals$361M volume
BROKER

Greg Corbin
Northgate Real Estate Group
81 deals$1.1B volume(212) 419-8101
BROKER

Rosewood Realty Group
BROKERAGE

Salomon Cojab
5 deals$28.2M volume
BUYER

Details

SOLD
IMAGE: Greg Corbin, Salomon Cojab, Ceasar Salama & Brandon Serota DATE: 12/23/2019 ADDRESS: 3052 3rd Avenue MARKET: Melrose, Bronx ASSET TYPE: Multifamily SALE PRICE: $3,250,000 SALE PRICE: $3,100,000 SF: 6,650 PPSF: $466 UNITS: 9 PPU: $344,444 SELLER: Eli Silverman BUYER: Salomon Cojab – Visabe Corporation BROKERS: Greg Corbin, Brandon Serota -Rosewood Realty Group & Ceasar […]

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$165,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98