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
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