Updated May 21, 2025
Samuel Dekel Purchases Bronx Multifamily Property From Mary Harris For $980,000 With David Malul As Buyer's Representative
4308 Richardson Avenue
$980,000
$356/SF
Building Size
2,750 SF
Asset Type
MultiFamily
Closing
May 9, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily unit located at 4308 Richardson Avenue in the Bronx. The sale price for this property was $980,000, encompassing a total of 5 units. The asset spans a square footage of 2,750, resulting in a price per unit of $196,000 and a price per square foot of $356.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $980,000
- Units: 5
- Square Footage: 2,750
- Price Per Unit: $196,000
- Price Per Square Foot: $356
- Buyer: Samuel Dekel
- Seller: Mary Harris
- Buyer's Representative: David Malul - Elite Homes NYC
- Date of Sale: 5/10/2025
- Market: Bronx
The transaction was facilitated by David Malul representing the buyer, Samuel Dekel, through his firm, Elite Homes NYC. The property was successfully acquired and assigned as a contract flip, showcasing the firm's expertise in sourcing both on and off-market properties while structuring profitable deals for investors.
Players
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
16.19%
Cash-on-Cash
-4.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93