Uke Lajqi Acquires Multifamily In Williamsbridge, Bronx For $975,000
3610 Barnes Avenue
$975,000
$123/SF
Building Size
7,879 SF
Asset Type
MultiFamily
Closing
Jul 9, 2024
AI
The multifamily property located at 3610 Barnes Avenue in Williamsbridge, Bronx, was sold for $975,000. The asset comprises 10 units, totaling 7,879 square feet, translating to a price per unit of $97,500 and a price per square foot of $124.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $975,000
- Buyer: Uke Lajqi
- Seller: Bakary Family
- Brokers: Jared Friedman & David Roman - Investment Property Realty Group (IPRG)
Jared Friedman and David Roman from Investment Property Realty Group (IPRG) represented both the buyer and the seller in the transaction.
Players
Bronx 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
16.27%
Cash-on-Cash
-4.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93