facebook
Traded Co logo
Submit

Kash Realty Acquires Multifamily Property On Heath Avenue For $555K

Property Image
SOLD
$555,000

New York

See Similar Deals
MultiFamily2,342 SF
Sold 05/15/2023
the dealdetailscomps
Property Image
SOLD

Kash Realty Acquires Multifamily Property On Heath Avenue For $555K

3087 Heath Ave Bronx, Ny 10463, Usa

See Similar Deals
MultiFamily2,342 SF
Sold 05/15/2023

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$237
Total Square Footage:2,342 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 3087 Heath Avenue in New York City. The sale price for this property was $555,000, and it includes two units with a total square footage of 2,342, which equates to a price per unit of $277,500 and a price per square foot of $237.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $555,000
  • Units: 2
  • Square Footage: 2,342
  • Price Per Unit: $277,500
  • Price Per Square Foot: $237
  • Buyer: Kash Realty - Maz Kashani & Neda Kashani
  • Date of Transaction: 05/15/2023
  • Market: New York City

The buyers of the property, Maz Kashani and Neda Kashani from Kash Realty, are known to purchase distressed single to four-family homes in Bronx, Queens, Westchester, and Long Island. They also acquire Free Market Multifamily properties consisting of 10-100 units in New York (including Westchester and Upstate), New Jersey, and Connecticut. They are open to potential deals and hard money needs, and their contact information includes Mazyar Kashani at (516)317-0941, Neda Kashani at (516)423-1633, and their email [email protected].

Players

BUYER

Details

SOLD
IMAGE: Maz Kashani & Neda Kashani DATE: 05/15/2023 ADDRESS: 3087 Heath Avenue MARKET: New York City ASSET TYPE: Multifamily BUYER: Kash Realty (@Kash_Realty) - Maz Kashani & Neda Kashani SALE PRICE: $555,000 UNITS: 2 ~ PPU: $277,500 SF: 2,342 ~ PPSF: $237 NOTE FROM BUYER: Mazyar Kashani: (516)317-0941, Neda Kashani: (516)423-1633, [email protected]. We buy distressed single to four-family homes in Bronx, Queens, Westchester, and Long Island. We also buy Free Market Multifamily (10-100 units) in NY (Westchester, Upstate), NJ, & CT. Please reach out to us with any deals or hard money needs as well!

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

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)

$29,599.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$1,971.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,630.98
Annual Debt Service$31,571.80