Updated Dec 4, 2024
Kushtrim Gojani Acquires Multifamily Property On Adee Avenue In Bronx
729 Adee Avenue
$2,000,000
$158/SF
Building Size
12,632 SF
Asset Type
MultiFamily
Closing
May 9, 2024
About this deal
AI
The multifamily property located at 729 Adee Avenue in Bronx was recently sold for $2,000,000. The property consists of 17 units with a price per unit of $117,647. It spans a total of 12,632 square feet, resulting in a price per square foot of $158.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Units: 17
- Price per Unit: $117,647
- Square Footage: 12,632
- Price per Square Foot: $158
- Address: 729 Adee Avenue
- Market: Bronx
The sale of the property was facilitated by Seth Glasser, Michael Fusco, and Benny Katz from Marcus & Millichap. The buyer, Kushtrim Gojani, acquired the property from the seller, Kandi Chaudhuri.
On the Map
$2,000,000
$158/SF
MultiFamily
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Bronx 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93