The Rugova Family Acquires Multifamily Property In Bronx For $5.15M
SOLD
$5,150,000
+ 1
New York
See Similar DealsMultiFamily34,475 SF
Sold 07/12/2020
SOLD
The Rugova Family Acquires Multifamily Property In Bronx For $5.15M
3405 Kossuth Avenue, Bronx, NY 10467, USA
See Similar DealsMultiFamily34,475 SF
Sold 07/12/2020
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$149
Total Square Footage:34,475 SF
Transaction Type:Sale
The multifamily property located at 3405 Kossuth Avenue in Bronx has been sold for a total of $5,150,000. The property encompasses a total square footage of 34,475, resulting in a price per square foot of $149. The transaction involved the sale of 37 units, with a price per unit of $139,189.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,150,000
- Market: Bronx
- Buyer: The Rugova Family
- Seller: David Katz
- Brokers: Amit Doshi & Shallini Mehra - Meridian Capital Group, Zachary Fuchs - GFI Realty
The buyers in this transaction were The Rugova Family, while the property was sold by David Katz. The deal was facilitated by Amit Doshi and Shallini Mehra from Meridian Capital Group, along with Zachary Fuchs from GFI Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$274,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,296.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,413.63
Annual Debt Service$292,963.53
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