Shimon Greenfeld Acquires Multifamily Property On Coster Street, Hunts Point, Bronx For $1.5M
SOLD
$1,500,000
New York
See Similar DealsMultiFamily6,525 SF
Sold 06/17/2022
SOLD
Shimon Greenfeld Acquires Multifamily Property On Coster Street, Hunts Point, Bronx For $1.5M
541 Coster Street, The Bronx, New York 10474, United States
See Similar DealsMultiFamily6,525 SF
Sold 06/17/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$229
Total Square Footage:6,525 SF
Transaction Type:Sale
Located at 541 Coster Street in the Hunts Point neighborhood of the Bronx, this recently closed transaction involved a multifamily property. The sale took place on June 17, 2022, and was facilitated by Jason M. Gold and Mark Anderson of Ariel Property Advisors.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,500,000
- Units: 6
- Price per Unit: $250,000
- Square Footage: 6,525
- Price per Square Foot: $230
The buyer in this transaction was Shimon Greenfeld, while the seller was Manmohan Gadh. Acting as the brokers for the deal, Jason M. Gold and Mark Anderson of Ariel Property Advisors represented their respective parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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