Kushtrim Gojani Acquires Multifamily Property On Adee Avenue In Bronx
SOLD
New York
See Similar DealsMultiFamily12,632 SF
Sold 05/09/2024
SOLD
Kushtrim Gojani Acquires Multifamily Property On Adee Avenue In Bronx
729 Adee Avenue
See Similar DealsMultiFamily12,632 SF
Sold 05/09/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$158
Total Square Footage:12,632 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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