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552 Morris Avenue, The Bron...

Mahmoud Tehfe Acquires Mixed-Use Property In Melrose For $3.8M
SOLDMultiFamily

Mahmoud Tehfe Acquires Mixed-Use Property In Melrose For $3.8M

552 Morris Avenue, The Bronx, New York 10451, United States

$3,800,000

$712/SF

Building Size

5,333 SF

Asset Type

MultiFamily

Closing

Apr 27, 2022

AI

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.

Players

Amet Liranzo

Kassin Sabbagh Realty

Broker

$51.8M

vol

3 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93