Updated Oct 28, 2024
Prana Investments Acquires Bronx Multifamily For $11M With Broker Sharone Baradarian
354 E Mosholu Pkwy S, Bronx, NY, USA
$11,000,000
$143/SF
Building Size
76,717 SF
Asset Type
MultiFamily
Closing
Nov 17, 2021
About this deal
AI
A multifamily property located at 354 & 366 E. Mosholu Pkwy. S. in the Bronx has been sold in a closed transaction for a sale price of $11,000,000. The property spans a total area of 76,717 square feet and is zoned as R8. It consists of 84 units, with a price per square foot of $143 and a price per unit of $130,952.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,000,000
- Address: 354 & 366 E. Mosholu Pkwy. S.
- Market: Bronx
- Zoning: R8
- Square Footage: 76,717
- Price per Square Foot: $143
- Number of Units: 84
- Price per Unit: $130,952
The buyer of the property is Prana Investments, while the broker representing them in the transaction is Sharone Baradarian from Red Real Estate.
On the Map
$11,000,000
$143/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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93