Lenny Prainito Sells Norwood Multifamily Property For $3.25M With GFI Realty Services
3091 Webster Avenue, The Bronx, New York 10467, United States
$3,250,000
$153/SF
Building Size
21,218 SF
Asset Type
MultiFamily
Closing
Mar 20, 2022
AI
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.
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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93