33 Equities Acquires Soundview Multifamily For $11M
751 Rosedale Avenue
$11,000,000
Units
33
Asset Type
MultiFamily
Closing
Oct 25, 2023
AI
33 Equities, represented by signatory Tucker Shane, has acquired a newly constructed 33-unit residential elevator building at 751 Rosedale Avenue in Soundview, Bronx, for $11 million from Genc Lakaj's entity, 751 Rosedale LLC. The property features 33 units, resulting in a price per unit of $333,333. The transaction took place on October 25, 2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,000,000
- Units: 33
- Price Per Unit: $333,333
Zach Hering, representing 33 Equities, facilitated the acquisition of the residential building located at 751 Rosedale Avenue. Genc Lakaj's entity, 751 Rosedale LLC, was the seller in the transaction.
Players
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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93