Updated Dec 21, 2023
Hysen Mehmetaj Acquires Multifamily In Norwood For $11.2M From Seller Robert Laubsch
3535 Rochambeau Avenue, Norwood, Bronx, NY, USA
$11,200,000
$131/SF
Building Size
85,050 SF
Asset Type
MultiFamily
Closing
Jun 17, 2021
About this deal
AI
The multifamily property located at 3535 Rochambeau Avenue in Norwood, Bronx has been sold. The transaction took place on June 18, 2021. The property is situated in a R7-1 zoning area and spans a total of 85,050 square feet. The sale price for the property was $11,200,000, resulting in a price per square foot of $131. It is important to note that the last recorded sale of the property occurred on October 11, 2007, with a price of $9,060,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,200,000
- Address: 3535 Rochambeau Avenue
- Market: Norwood, Bronx
- Zoning: R7-1
- Square Footage: 85,050
- Price per Square Foot: $131
The buyer of the property is Hysen Mehmetaj, while the seller is Robert Laubsch. These individuals played a pivotal role in the transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.42%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93