Shahriar Davaran Acquires Multifamily Property From Estates Of Robert Farhadian And Ram Gupta For $750,000
3513 East Tremont Avenue
$750,000
$270/SF
Building Size
2,777 SF
Asset Type
MultiFamily
Closing
Mar 6, 2025
AI
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.
Players
Bronx 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
21.15%
Cash-on-Cash
-6.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93