Updated Dec 19, 2023
Zeqe Mehmetaj Acquires Norwood Multifamily For $11.5M With Brokers Sasha Berg & Zachary Fuchs
3540 Decatur Ave, The Bronx, NY 10467, USA
$11,525,000
$17/SF
Building Size
670,000 SF
Asset Type
MultiFamily
Closing
Nov 18, 2019
About this deal
AI
A multifamily property located at 3540 Decatur Avenue in Norwood has been sold for a transaction amount of $11,525,000. The property spans an area of 67,000 square feet and has a price per square foot of $172. It consists of 66 units, with an average price per unit of $174,621.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,525,000
- Address: 3540 Decatur Avenue
- Market: Norwood
- Square Footage: 67,000
- Price per Square Foot: $172
- Number of Units: 66
- Price per Unit: $174,621
The seller of the property was Richard Laubsh, while Zeqe Mehmetaj was the buyer. The deal was facilitated by Sasha Berg and Zachary Fuchs from GFI, along with Shlomo Antebi.
On the Map
$11,525,000
$17/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93