Updated Sep 9, 2024
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
About this deal
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
- 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.
On the Map
$5,150,000
$149/SF
MultiFamily
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Players
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