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
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