Roger Morales Acquires Multifamily Property On Murdock Avenue In Bronx For $891K
SOLD
$891,430
New York
See Similar DealsMultiFamily4,125 SF
Sold 09/11/2020
SOLD
Roger Morales Acquires Multifamily Property On Murdock Avenue In Bronx For $891K
4612 Murdock Ave, The Bronx, NY 10466, USA
See Similar DealsMultiFamily4,125 SF
Sold 09/11/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$216
Total Square Footage:4,125 SF
Transaction Type:Sale
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%...
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$47,542.92
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,167.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,225.83
Annual Debt Service$50,710.00
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