Alexandros Tsiros Acquires Bronx Multifamily Property For $1.15M
SOLD
$1,150,000
New York
See Similar DealsMultiFamily47,250 SF
Sold 11/21/2018
SOLD
Alexandros Tsiros Acquires Bronx Multifamily Property For $1.15M
3182 Westchester Ave, The Bronx, NY 10461, USA
See Similar DealsMultiFamily47,250 SF
Sold 11/21/2018
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$24
Total Square Footage:47,250 SF
Transaction Type:Sale
The multifamily property located at 3182-3184 Westchester Avenue in Bronx has been sold for a sale price of $1,150,000. The property spans a total square footage of 4,725, resulting in a price per square foot of $243.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Square Footage: 4,725
- Price per Square Foot: $243
- Address: 3182-3184 Westchester Avenue
- Market: Bronx
All American laundry service, represented by Michael Martin, was the seller in this transaction. The buyer of the property is Alexandros Tsiros.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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