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
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
17.80%
Cash-on-Cash
-5.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93