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3405 Kossuth Avenue, Bronx,...

The Rugova Family Acquires Multifamily Property In Bronx For $5.15M
SOLDMultiFamily

The Rugova Family Acquires Multifamily Property In Bronx For $5.15M

3405 Kossuth Avenue, Bronx, NY 10467, USA

$5,150,000

$149/SF

Building Size

34,475 SF

Asset Type

MultiFamily

Closing

Jul 12, 2020

AI

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

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.

Players

Shallini Mehra

Meridian Capital Group

Broker

$1.1B

vol

78 deals

Broker

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

3.08%

Cash-on-Cash

-0.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93