Moses Freund's VAJA Group Acquires Fordham Manor Multifamily For $4.7M
368 East 194th Street, 364 East 194th Street & 372 East 194th Street
$4,700,000
$69/SF
Building Size
67,872 SF
Asset Type
MultiFamily
Closing
Sep 8, 2023
AI
A multifamily property consisting of three mid-construction walkup buildings has been sold in Fordham Manor, Bronx. The property is located at 368 East 194th Street, 364 East 194th Street, and 372 East 194th Street. The total sale price for the three buildings is $4,700,000. The property comprises a total of 27 units, with an average price per unit of $174,074. The total square footage of the property is 22,624, with a price per square foot of $208.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,700,000
- Units: 27
- Price per Unit: $174,074
- Square Footage: 22,624
- Price per Square Foot: $208
- Market: Fordham Manor, Bronx
The buyer of the property is Moses Freund, representing the VAJA Group through their entity Fordham Vaja LLC. The seller of the property is Sukhjinder Singh. The transaction took place on September 8, 2023. VAJA Group acquired the three buildings from Sukhjinder Singh's 364-372 Investors LLC for a total of $4.7 million.
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93