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4612 Murdock Ave, The Bronx...

Roger Morales Acquires Multifamily Property On Murdock Avenue In Bronx For $891K
SOLDMultiFamily

Roger Morales Acquires Multifamily Property On Murdock Avenue In Bronx For $891K

4612 Murdock Ave, The Bronx, NY 10466, USA

$891,430

$216/SF

Building Size

4,125 SF

Asset Type

MultiFamily

Closing

Sep 10, 2020

AI

The multifamily property located at 4612 Murdock Avenue in Bronx has been sold in a recent transaction. The property has a total square footage of 4,125 and is classified under zoning codes R4 and R4A. The property falls under tax class 2A.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $891,430
  • Price per Square Foot: $216
  • Last Sale Price: $600,000 (1/2006)

The buyer of the property is Roger Morales, while the seller is Edward Joseph. The transaction was facilitated by Romain Sinclair from The Greysteel Company.

Note: The property was sold for 95% of the asking price. The transaction also involved a 4.5%...

Players

Romain Sinclair

Greysteel

Broker

$33.2M

vol

14 deals

Broker
Roger Morales

Roger Morales

Buyer

$669.9M

vol

4 deals

Buyer

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

17.80%

Cash-on-Cash

-5.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93