Zeqe Mehmetaj Acquires Norwood Multifamily For $11.5M With Brokers Sasha Berg & Zachary Fuchs
SOLD
$11,525,000
New York
See Similar DealsMultiFamily670,000 SF
Sold 11/19/2019
SOLD
Zeqe Mehmetaj Acquires Norwood Multifamily For $11.5M With Brokers Sasha Berg & Zachary Fuchs
3540 Decatur Ave, The Bronx, NY 10467, USA
See Similar DealsMultiFamily670,000 SF
Sold 11/19/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$17
Total Square Footage:670,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$614,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,945.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,634.38
Annual Debt Service$655,612.56
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