Lenny Prainito Sells Norwood Multifamily Property For $3.25M With GFI Realty Services
SOLD
$3,250,000
New York
See Similar DealsMultiFamily21,218 SF
Sold 03/21/2022
SOLD
Lenny Prainito Sells Norwood Multifamily Property For $3.25M With GFI Realty Services
3091 Webster Avenue, The Bronx, New York 10467, United States
See Similar DealsMultiFamily21,218 SF
Sold 03/21/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$153
Total Square Footage:21,218 SF
Transaction Type:Sale
The multifamily property located at 3091 Webster Ave in Norwood, Bronx has been sold for a price of $3,250,000. The property consists of 25 units with an average price per unit of $130,000. It spans across an area of 21,218 square feet, resulting in a price per square foot of $153.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,250,000
- Units: 25
- Price per Unit: $130,000
- Square Footage: 21,218
- Price per Square Foot: $153
- Address: 3091 Webster Ave
- Market: Norwood, Bronx
Zachary Fuchs and Matthew Sparks from GFI Realty Services represented the seller, Lenny Prainito, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
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