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554 E 149th St, The Bronx, ...

554 MBN Partners LLC Acquires Multi-family Property In Bronx For $3.4M
SOLDMultiFamily

554 MBN Partners LLC Acquires Multi-family Property In Bronx For $3.4M

554 E 149th St, The Bronx, NY 10455, USA

Building Size

135,000 SF

Asset Type

MultiFamily

Closing

Dec 11, 2017

AI

The multi-family property located at 554 East 149th Street in the Bronx, New York, was recently sold for a price of $3,400,000. The property spans a total of 13,500 square feet, with a price per square foot of $251. It consists of 19 apartment units and 2 stores, providing a total of 21 separate spaces. The price per unit for this transaction was $160,000.

Summary of transaction details

  • Property Type: Multi-family
  • Transaction Amount: $3,400,000
  • Square Footage: 13,500 sf
  • Price per Square Foot: $251
  • Number of Units: 19 apartments
  • Number of Stores: 2
  • Price per Unit: $160,000
  • Seller: Alma Realty
  • Buyer: 554 MBN Partners LLC (@RyanZar1)

Alma Realty, the seller of the property, completed the transaction with 554 MBN Partners LLC, represented by Ryan Zar from 554 MBN Partners LLC.

Players

Ari Short

Broker

1 deal

Broker
AR
Alma RealtySeller

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93