Ryan & Bradley Zar Purchase Multifamily Property In Mott Haven For $2.25M
SOLD
$2,250,000
New York
See Similar DealsMultiFamily9,870 SF
Sold 06/28/2024
SOLD
Ryan & Bradley Zar Purchase Multifamily Property In Mott Haven For $2.25M
517 Courtlandt Avenue
See Similar DealsMultiFamily9,870 SF
Sold 06/28/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$228
Total Square Footage:9,870 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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