Prana Investments Acquires Bronx Multifamily For $11M With Broker Sharone Baradarian
SOLD
$11,000,000
New York
See Similar DealsMultiFamily76,717 SF
Sold 11/17/2021
SOLD
Prana Investments Acquires Bronx Multifamily For $11M With Broker Sharone Baradarian
354 E Mosholu Pkwy S, Bronx, NY, USA
See Similar DealsMultiFamily76,717 SF
Sold 11/17/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$143
Total Square Footage:76,717 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
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