Uke Lajqi Acquires Multifamily In Williamsbridge, Bronx For $975,000
SOLD
$975,000
New York
See Similar DealsMultiFamily7,879 SF
Sold 07/09/2024
SOLD
Uke Lajqi Acquires Multifamily In Williamsbridge, Bronx For $975,000
3610 Barnes Avenue
See Similar DealsMultiFamily7,879 SF
Sold 07/09/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$123
Total Square Footage:7,879 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$52,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,463.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,622.00
Annual Debt Service$55,463.97
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