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681 East 235th Street, The ...

Updated Oct 28, 2024

Realty Capital NY Acquires Wakefield Multifamily For $480,000
SOLDMultiFamily

Realty Capital NY Acquires Wakefield Multifamily For $480,000

681 East 235th Street, The Bronx, New York 10466, United States

$480,000

$272/SF

Building Size

1,760 SF

Asset Type

MultiFamily

Closing

Nov 30, 2021

About this deal

AI

A multifamily property located at 681 East 235th Street in Wakefield, Bronx has been sold for $480,000. The property consists of 2 units with a total square footage of 1,760. The per unit price is $240,000 and the price per square foot is $272. The buyer of the property is Realty Capital NY, represented by Eric Delafraz from the same agency. The seller of the property is Kondaur Capital Corporation.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $480,000
  • Address: 681 East 235th Street, Wakefield, Bronx
  • Market: Wakefield, Bronx
  • Units: 2
  • Price per Unit: $240,000
  • Total Square Footage: 1,760
  • Price per Square Foot: $272

Realty Capital NY, represented by Eric Delafraz from the same agency, acquired the property from Kondaur Capital Corporation. It's worth mentioning that Realty Capital New York is actively seeking development sites, value add, and existing free market multifamily opportunities in New York, Texas, North Carolina, and Florida, with a budget of up to $15 million. For any potential deals, you can contact Eric at [email protected].

Players

RY
Realty Capital New YorkBuyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $272 per square foot on a published $480K for 1,760 square feet (2021).

Browse New York multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

33.05%

Cash-on-Cash

-9.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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