Mahmoud Tehfe Acquires Mixed-Use Property In Melrose For $3.8M
SOLD
New York
See Similar DealsMultiFamily5,333 SF
Sold 04/28/2022
SOLD
Mahmoud Tehfe Acquires Mixed-Use Property In Melrose For $3.8M
552 Morris Avenue, The Bronx, New York 10451, United States
See Similar DealsMultiFamily5,333 SF
Sold 04/28/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$712
Total Square Footage:5,333 SF
Transaction Type:Sale
A mixed-use property located at 552 Morris Ave in Melrose has been sold for $3,800,000. The property spans approximately 3,500 square feet, resulting in a price per square foot of $1,085. The transaction took place on April 28, 2022.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,800,000
- Address: 552 Morris Ave
- Market: Melrose
The buyer of the property is Mahmoud Tehfe, while the seller is Anthony Bruno. The brokers involved in the deal were Amet Liranzo and David Chera from KSR.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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