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Scott Kalb Sells Bronx Multifamily Property For $1.92M With Brokers Haley Hasho & Andrew Eden

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SOLD
$1,900,000

New York

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MultiFamily10,005 SF
Sold 12/19/2024
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Property Image
SOLD

Scott Kalb Sells Bronx Multifamily Property For $1.92M With Brokers Haley Hasho & Andrew Eden

626 East 140th Street

See Similar Deals
MultiFamily10,005 SF
Sold 12/19/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$189
Total Square Footage:10,005 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 626 East 140th Street in the Bronx. The building was sold for a total of $1,920,000, encompassing 10,005 square feet and consisting of 11 units, resulting in a price per unit of $174,545 and a price per square foot of $192.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,920,000
  • Units: 11
  • Square Feet: 10,005
  • Price Per Unit: $174,545
  • Price Per Square Foot: $192
  • Seller: Scott Kalb
  • Brokers: Haley Hasho & Andrew Eden - Exodus Capital
  • Market: Bronx
  • Building Composition: 63% free market
  • Purchased by: Out of state group
  • GRM: 7.5x

The deal was facilitated by brokers Haley Hasho and Andrew Eden representing Exodus Capital. Their expertise played a significant role in connecting the seller, Scott Kalb, with an out-of-state group interested in acquiring the property.

Players

Haley Hasho
47 deals$378.2M volume(646) 840-8201
BROKER

Andrew Eden
4 deals$28.6M volume
BROKER

Details

SOLD
IMAGE: Haley Hasho & Andrew Eden DATE: 12/19/2024 ADDRESS: 626 East 140th Street MARKET: Bronx ASSET TYPE: Multifamily SELLER: Scott Kalb BROKERS: Haley Hasho (@HaleyHasho) & Andrew Eden (@NYC_RealEstate_Closer) - Exodus Capital (@ExodusCapital.CRE) SALE PRICE: $1,920,000 UNITS: 11 ~ PPU: $174,545 SF: 10,005 ~ PPSF: $192 NOTE FROM BROKER: Building is 63% free market and was purchased by an out of state group at 7.5x GRM

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
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