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425 Claremont Pkwy, The Bro...

Heritage Realty Acquires Multifamily Property In Claremont, Bronx
SOLDMultiFamily

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

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.

Players

Daniel Mahfar

Ariel Property Advisors

Broker

$753M

vol

42 deals

Broker
HR
Heritage RealtyBuyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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