Shahriar Davaran Acquires Multifamily Property From Estates Of Robert Farhadian And Ram Gupta For $750,000
SOLD
$750,000
New York
See Similar DealsMultiFamily2,777 SF
Sold 03/06/2025
SOLD
Shahriar Davaran Acquires Multifamily Property From Estates Of Robert Farhadian And Ram Gupta For $750,000
3513 East Tremont Avenue
See Similar DealsMultiFamily2,777 SF
Sold 03/06/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$270
Total Square Footage:2,777 SF
Transaction Type:Sale
The asset involved in this transaction is a MultiFamily property located at 3513 East Tremont Avenue in the Bronx. The transaction was executed at a price of $750,000.00, encompassing a total square footage of 2777.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $750,000.00
- Address: 3513 East Tremont Avenue
- Market: Bronx
- Buyer: Shahriar Davaran
- Seller: Estate of Robert Farhadian and the Estate of Ram Gupta
Key individuals involved in this transaction include Shahriar Davaran as the buyer, and the sellers are the Estate of Robert Farhadian and the Estate of Ram Gupta. The transaction was facilitated with assistance from Anthony Simari Esq.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$40,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,664.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,555.38
Annual Debt Service$42,664.59
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