Muse & Shpresa Mulaj Acquire Multifamily Property In Bronx For $2.2M
SOLD
$2,200,000
New York
See Similar DealsMultiFamily11,925 SF
Sold 05/13/2021
SOLD
Muse & Shpresa Mulaj Acquire Multifamily Property In Bronx For $2.2M
3130 Perry Avenue, Bronx, NY 10467
See Similar DealsMultiFamily11,925 SF
Sold 05/13/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$184
Total Square Footage:11,925 SF
Transaction Type:Sale
The multifamily property located at 3130 & 3141 Perry Ave. in Bronx has been sold for a total of $2,200,000. The property consists of 14 units and spans a total square footage of 11,925. The sale price per square foot is $184, while the price per unit is $157,000. The transaction took place on 05/13/2021, with Muse & Shpresa Mulaj purchasing the property from William Curran.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Market: Bronx
- Buyer: Muse & Shpresa Mulaj
- Seller: William Curran
- Broker: Josef Gashaj - edwoodRealtyAdvisors
The deal was facilitated by Josef Gashaj from edwoodRealtyAdvisors, acting as the broker for the buyer, Muse & Shpresa Mulaj. This transaction marks a successful sale in the Bronx multifamily market, showcasing the demand for properties in this area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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