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

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SOLD
$4,700,000

New York

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MultiFamily67,872 SF
Sold 09/08/2023
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SOLD

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

368 East 194th Street, 364 East 194th Street & 372 East 194th Street

See Similar Deals
MultiFamily67,872 SF
Sold 09/08/2023
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$69
Total Square Footage:67,872 SF
Transaction Type:Sale

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

9 deals$171.1M volume
BUYER

Details

SOLD
IMAGE: 09/08/2023 ADDRESS: 368 East 194th Street, 364 East 194th Street & 372 East 194th Street MARKET: Fordham Manor, Bronx ASSET TYPE: Multifamily BUYER: Moses Freund - VAJA Group SELLER: Sukhjinder Singh SALE PRICE: $4,700,000 UNITS: 27 ~ PPU: $174,074 SF: 22,624 ~ PPSF: $208 NOTE: VAJA Group's Fordham Vaja LLC acquired three mid-construction walkup buildings, including a 10-unit residential walkup building at 368 East 194th Street, a 10-unit residential walkup building at 364 East 194th Street, and a seven-unit residential walkup building at 372 East 194th Street in Fordham Manor, the Bronx, from Sukhjinder Singh's 364-372 Investors LLC for $4.7 million.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$250,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,280.40
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