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
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