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368 East 194th Street

Moses Freund's VAJA Group Acquires Fordham Manor Multifamily For $4.7M
SOLDMultiFamily

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

Moses Freund

Vaja Group

Buyer

$171.1M

vol

9 deals

Buyer

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