Blue Stone Group Sells Bronx Multifamily Property For $3.3M With Seller's Rep Eli Tabak & Broker Richard Guarino - Friedman-Roth Realty
SOLD
$3,300,000
New York
See Similar DealsMultiFamily24,662 SF
Sold 09/21/2023
SOLD
Blue Stone Group Sells Bronx Multifamily Property For $3.3M With Seller's Rep Eli Tabak & Broker Richard Guarino - Friedman-Roth Realty
450 East 144th Street
See Similar DealsMultiFamily24,662 SF
Sold 09/21/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$133
Total Square Footage:24,662 SF
Transaction Type:Sale
The property involved in the sale is a multifamily asset located at 450 East 144th Street in the Bronx. It encompasses a total area of 24,662 square feet, with 20 units available for purchase. The sale price for this property was recorded at $3,300,000, resulting in a price-per-unit (PPU) of $165,000. The price per square foot (PPSF) was calculated at $134.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Units: 20
- Price per Unit (PPU): $165,000
- Square Feet: 24,662
- Price per Square Foot (PPSF): $134
Eli Tabak from the Blue Stone Group acted as the seller in this transaction, while Richard Guarino from Friedman-Roth Realty represented the seller as the broker. Richard Guarino's expertise in the market was crucial in facilitating the deal and ensuring a smooth transaction for both parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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