Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Buyers: Ryan & Bradley Zar
- Brokers: Seth Glasser, Michael Fusco, & Benny Katz - Marcus & Millichap
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.
On the Map
$2,250,000
$228/SF
MultiFamily
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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