Updated Sep 5, 2024
Richard Spinelli, Jennifer Djurkovic, HJD, And SandHills Acquire Multifamily Property At 523 East 187th Street In Bronx For $1.5M With Kenneth Fuentes - Keller Williams As The Broker
523 E 187th St Bronx, NY 10458, USA
$1,500,000
$375/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Feb 22, 2023
About this deal
AI
A multifamily property located at 523 East 187th Street in the Bronx has recently been sold for $1,500,000. This property consists of 3 units, translating to a price per unit of $500,000. The total square footage of the property is 4,000, resulting in a price per square foot of $375.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Units: 3
- Price per Unit: $500,000
- Square Footage: 4,000
- Price per Square Foot: $375
- Address: 523 East 187th Street, Bronx
The buyers of this property are Richard Spinelli, Jennifer Djurkovic, HJD, and SandHills. The transaction was facilitated by Kenneth Fuentes from Keller Williams.
For any opportunities related to this sale, please contact Jennifer from CollegeCribs.com at [email protected] or call 631-624-3053.
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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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93