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3331 Hull Ave Bronx, NY 104...

Updated Nov 4, 2023

Yenny Castillo Acquires Norwood Multifamily Buildings For $4.4M From Peter Serpico & Carmine Dellacava
SOLDMultiFamily

Yenny Castillo Acquires Norwood Multifamily Buildings For $4.4M From Peter Serpico & Carmine Dellacava

3331 Hull Ave Bronx, NY 10467, USA

$4,400,000

$216/SF

Building Size

20,368 SF

Asset Type

MultiFamily

Closing

Aug 8, 2023

About this deal

AI

A multifamily property consisting of two eight-unit residential walkup buildings located at 3331 Hull Avenue and 3335 Hull Avenue in Norwood, Bronx, has been sold. The property was acquired by Yenny Castillo, represented by Hull Management LLC, for a total price of $4.4 million from Peter Serpico and Carmine Dellacava's entity Cdht LLC. The buildings have a total square footage of 20,368 and a price per square foot of $216.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $4,400,000
  • Square Footage: 20,368
  • Price per Square Foot: $216
  • Address: 3331 Hull Avenue & 3335 Hull Avenue
  • Market: Norwood, Bronx

Yenny Castillo, represented by Hull Management LLC, successfully completed the acquisition of the two eight-unit residential walkup buildings. The purchase was made from Peter Serpico and Carmine Dellacava's entity Cdht LLC for a price of $4.4 million. The transaction was finalized on 08/08/2023. The deal was facilitated by the buyer's representative and represents a significant investment in the Norwood, Bronx market.

Players

Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $216 per square foot on a published $4.4M for 20,368 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.61%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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