Rustem Gecaj & Tony Gecaj Acquire Bronx Multifamily From Arthur Leeds Associates For $16M
SOLD
$16,000,000
+ 1
New York
See Similar DealsMultiFamily93,242 SF
Sold 06/01/2022
SOLD
Rustem Gecaj & Tony Gecaj Acquire Bronx Multifamily From Arthur Leeds Associates For $16M
75 West Mosholu Parkway North, The Bronx, New York 10467, United States
See Similar DealsMultiFamily93,242 SF
Sold 06/01/2022
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$171
Total Square Footage:93,242 SF
Transaction Type:Sale
Located in the Bronx, this multifamily property at 75 W. Mosholu Pkwy. N. was recently sold for a total of $16,000,000. The transaction was completed on 06/01/2022 and involved a total of 92 units, giving a price per unit of $173,913. The property spans across a total area of 93,242 square feet, resulting in a price per square foot of $171.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,000,000
- Units: 92
- Price per Unit: $173,913
- Square Footage: 93,242
- Price per Square Foot: $171
The buyers in this transaction were Rustem Gecaj and Tony Gecaj. They purchased the property from the seller, Arthur Leeds Associates. The deal was facilitated by Aaron Jungreis, Alex Fuchs, and Ben Khakshoor from Rosewood Realty Group, who acted as the brokers in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
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