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729 Adee Avenue

Kushtrim Gojani Acquires Multifamily Property On Adee Avenue In Bronx
SOLDMultiFamily

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

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.

Players

Michael Fusco

Marcus & Millichap

Broker

$576.1M

vol

88 deals

Broker

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