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3130 Perry Avenue, Bronx, N...

Muse & Shpresa Mulaj Acquire Multifamily Property In Bronx For $2.2M
SOLDMultiFamily

Muse & Shpresa Mulaj Acquire Multifamily Property In Bronx For $2.2M

3130 Perry Avenue, Bronx, NY 10467

$2,200,000

$184/SF

Building Size

11,925 SF

Asset Type

MultiFamily

Closing

May 12, 2021

AI

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.

Players

Josef Gashaj

Redwood Realty Advisors

Broker

$4.8M

vol

3 deals

Broker

William Curran

Seller

$4.5M

vol

2 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93