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4683 Park Avenue, Bronx, NY...

Aron Wexler & David Ambalo Acquire Multi Family Vacant Building On Park Avenue For $1.45M
SOLDMultiFamily

Aron Wexler & David Ambalo Acquire Multi Family Vacant Building On Park Avenue For $1.45M

4683 Park Avenue, Bronx, NY 10458

$1,450,000

$151/SF

Building Size

9,600 SF

Asset Type

MultiFamily

Closing

Oct 4, 2018

AI

Located in the Belmont neighborhood of the Bronx, a multi-family vacant building has been sold at 4683 Park Avenue. The transaction was facilitated by Lev Mavashev from ALPHA REALTY, acting as the broker. The property spans across 9,600 square feet, and the purchase price amounted to $1,450,000, resulting in a price per square foot of $151.

Summary of transaction details

  • Property Type: Multi Family Vacant Building
  • Transaction Amount: $1,450,000
  • Date: 10/5/18
  • Address: 4683 Park Avenue
  • Market: Belmont, Bronx
  • Buyer: Aron Wexler & David Ambalo
  • Seller: Mark Tress

Aron Wexler and David Ambalo emerged as the buyers of the property, while Mark Tress acted as the seller. Lev Mavashev, representing ALPHA REALTY, played a crucial role as the broker in facilitating the deal.

Players

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 deals

Broker

Mark Tress

Cedar Holdings

Seller

$29M

vol

3 deals

Seller

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

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93