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517 Courtlandt Avenue

Ryan & Bradley Zar Purchase Multifamily Property In Mott Haven For $2.25M
SOLDMultiFamily

Ryan & Bradley Zar Purchase Multifamily Property In Mott Haven For $2.25M

517 Courtlandt Avenue

$2,250,000

$228/SF

Building Size

9,870 SF

Asset Type

MultiFamily

Closing

Jun 28, 2024

AI

The multifamily property located at 517 Courtlandt Avenue in Mott Haven, Bronx, was recently sold for $2,250,000. The property, consisting of 16 units and spanning 9,870 square feet, attracted the attention of buyers Ryan & Bradley Zar.

Summary of transaction details:

The deal was facilitated by the brokers Seth Glasser, Michael Fusco, and Benny Katz from Marcus & Millichap. The involvement of these key individuals ensured a successful transaction for both the buyers and sellers.

Players

Michael Fusco

Marcus & Millichap

Broker

$584.2M

vol

90 deals

Broker

Bronx 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

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93