Updated May 12, 2025
Eduart Shllaku Acquires 57-Unit Multifamily Building In Mt Hope, Bronx For $5.3M
325 East 176th Street
$5,300,000
$98/SF
Building Size
53,800 SF
Asset Type
MultiFamily
Closing
Sep 12, 2023
About this deal
AI
Eduart Shllaku, on behalf of 325 East 176th LLC, has acquired a 57-unit residential elevator building located at 325 East 176th Street in Mt. Hope, Bronx, for a total sale price of $5.3 million. The property is a multifamily asset consisting of 57 units, with an average price per unit of $92,982. The total building square footage is 58,476, making the price per square foot $91.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,300,000
- Address: 325 East 176th Street, Mt Hope, Bronx
- Market: Mt Hope, Bronx
- Units: 57
- Price per Unit: $92,982
- Building Square Footage: 58,476
- Price per Square Foot: $91
- Buyer: Eduart Shllaku
- Seller: Menashe Kahan
Eduart Shllaku, the buyer, represented the entity 325 East 176th LLC in this transaction. The seller, Menashe Kahan, successfully sold the property to Eduart Shllaku for the agreed-upon amount of $5.3 million.
Players
Bronx 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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93