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3540 Decatur Ave, The Bronx...

Zeqe Mehmetaj Acquires Norwood Multifamily For $11.5M With Brokers Sasha Berg & Zachary Fuchs
SOLDMultiFamily

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

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.

Players

Sasha Berg

GFI Realty Services

Broker

$69.3M

vol

11 deals

Broker

Zeqe Mehmetaj

Buyer

$41.6M

vol

5 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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