Heritage Realty Acquires Multifamily Property In Claremont, Bronx
SOLD
$5,000,000
+ 1
New York
See Similar DealsMultiFamily567,250 SF
Sold 10/02/2020
SOLD
Heritage Realty Acquires Multifamily Property In Claremont, Bronx
425 Claremont Pkwy, The Bronx, NY 10457, USA
See Similar DealsMultiFamily567,250 SF
Sold 10/02/2020
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$8
Total Square Footage:567,250 SF
Transaction Type:Sale
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.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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