Updated Dec 19, 2023
Jonathan Rosenberg Acquires Multifamily Building In Mott Haven, Bronx For $1.9M
483 Willis Ave, The Bronx, NY 10455, USA
$1,900,000
$16/SF
Building Size
113,750 SF
Asset Type
MultiFamily
Closing
Sep 3, 2020
About this deal
AI
Located in Mott Haven, Bronx, the multifamily property at 483 Willis Avenue has recently been sold for $1,900,000. The property spans 11,375 square feet, with a price per square foot of $167. The building offers a total of 6,515 buildable square feet, resulting in a price per buildable square foot of $291. The transaction took place on September 4, 2020.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Address: 483 Willis Avenue
- Market: Mott Haven, Bronx
Jonathan Rosenberg has acquired the property from Idalia Cruz. The property is zoned as R6, C1-4 with a tax class of 2B.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93