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
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