Updated Oct 29, 2024
Baker Capital Group Acquires Multifamily Property In Mott Haven, Bronx For $600K
325 Concord Ave, The Bronx, NY 10454, USA
$600,000
$375/SF
Building Size
1,600 SF
Asset Type
MultiFamily
Closing
Nov 29, 2020
About this deal
AI
The multifamily property located at 325 Concord Ave in Mott Haven, Bronx has been sold for $600,000. This transaction involves a total of 3 units, with a price per unit of $200,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $600,000
- Address: 325 Concord Ave
- Market: Mott Haven, Bronx
Baker Capital Group has acquired the property as the buyer. The identity of the seller is not disclosed in the provided information.
This purchase marks Baker Capital Group's 10th acquisition over the past year in the Bronx and Westchester multifamily market.
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
26.44%
Cash-on-Cash
-7.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93