Updated Oct 29, 2024
Heritage Realty Acquires Multifamily Property In Claremont, Bronx
425 Claremont Pkwy, The Bronx, NY 10457, USA
$5,000,000
$8/SF
Building Size
567,250 SF
Asset Type
MultiFamily
Closing
Oct 1, 2020
About this deal
AI
The multifamily property located at 425 Claremont Parkway in Claremont, Bronx has been sold in a recent transaction. The property is zoned as R7-1 and offers potential for multiple units or apartments.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 425 Claremont Parkway
- Market: Claremont, Bronx
The buyer of the property is Heritage Realty, represented by Alexander Hajibay. The seller is Fitzpatrick House III, represented by Peter Murray. The deal was facilitated by Victor Sozio, Daniel Mahfar, Jason Gold, and Oliver Elihu from Ariel Property Advisors.
On the Map
$5,000,000
$8/SF
MultiFamily
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New York 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93