Baker Capital Group Acquires Multifamily Property In Mott Haven, Bronx For $600K
SOLD
$600,000
New York
See Similar DealsMultiFamily1,600 SF
Sold 11/30/2020
SOLD
Baker Capital Group Acquires Multifamily Property In Mott Haven, Bronx For $600K
325 Concord Ave, The Bronx, NY 10454, USA
See Similar DealsMultiFamily1,600 SF
Sold 11/30/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$375
Total Square Footage:1,600 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$31,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,131.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,844.31
Annual Debt Service$34,131.67
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