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620 Thwaites Pl, The Bronx,...

Mike Perlleshi Acquires Multifamily Property In Pelham Parkway, Bronx For $4.8M
SOLDMultiFamily

Mike Perlleshi Acquires Multifamily Property In Pelham Parkway, Bronx For $4.8M

620 Thwaites Pl, The Bronx, NY 10467, USA

$4,800,000

$151/SF

Building Size

31,788 SF

Asset Type

MultiFamily

Closing

Mar 26, 2020

AI

A multifamily property located at 620 Thwaites Place in the Pelham Parkway neighborhood of Bronx has been sold for a total price of $4,800,000. The property spans approximately 31,788 square feet, resulting in a price per square foot of $125.83. It consists of 31 units, with each unit being sold at an average price of $129,032.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $4,800,000
  • Property Address: 620 Thwaites Place
  • Market: Pelham Parkway, Bronx
  • Square Footage: 31,788
  • Price per Square Foot: $125.83
  • Number of Units: 31
  • Price per Unit: $129,032

The seller of the property is Marjan Curanovic & Family, while the buyer is Mike Perlleshi. The transaction was facilitated by brokers Richard Torres and Da’Quana Faulkner from @RASEquityPartners.

Players

Da'quana Faulkner

Broker

$4.8M

vol

1 deal

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

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93