Updated Oct 28, 2024
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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
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