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
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93