Mohammad Ibrahim Acquires Multifamily Property From Faruk Dardashti In Bronx For $1.6M
SOLD
$1,600,000
New York
See Similar DealsMultiFamily20,000 SF
Sold 11/01/2025
SOLD
Mohammad Ibrahim Acquires Multifamily Property From Faruk Dardashti In Bronx For $1.6M
3144 Decatur Avenue
See Similar DealsMultiFamily20,000 SF
Sold 11/01/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$80
Total Square Footage:20,000 SF
Transaction Type:Sale
The transaction involved a multifamily asset located at 3144 Decatur Avenue in the Bronx. The sale price for this property was $1,600,000, and it consists of 25 units, with a price per unit of $64,000. The total square footage of the property is 20,000, resulting in a price per square foot of $80.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Buyer: Mohammad Ibrahim
- Seller: Faruk Dardashti
- Broker: Nathaniel Smith - FIND Real Estate
- Units: 25
- Square Feet: 20,000
- Price Per Unit: $64,000
- Price Per Square Foot: $80
Nathaniel Smith represented the seller, Faruk Dardashti, in this transaction. The broker is affiliated with FIND Real Estate, specializing in off-market commercial real estate in the five boroughs and beyond.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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