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751 Rosedale Avenue

33 Equities Acquires Soundview Multifamily For $11M
SOLDMultiFamily

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

3E
33 EquitiesBuyer

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