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
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.
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