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829 E 220 St, The Bronx, Ne...

Sunrise Equities Acquires Bronx Multifamily Property For $1.16M With Buyer's Rep Neer Sachar
SOLDMultiFamily

Sunrise Equities Acquires Bronx Multifamily Property For $1.16M With Buyer's Rep Neer Sachar

829 E 220 St, The Bronx, New York 10467, United States

$1,160,000

Building Size

Asset Type

MultiFamily

Closing

Nov 2, 2021

AI

Located in the Bronx, the multifamily property at 829 East 220 Street & 2303 Bathgate Avenue has been sold for a price of $1,160,000. The transaction took place on 11/02/2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,160,000
  • Market: Bronx
  • Buyer: Neer Sachar - Sunrise Equities

Sunrise Equities, a vertically integrated real estate investment firm specializing in multifamily and mixed-use properties with a focus on the Bronx and Upper Manhattan markets, served as the buyer for this transaction. Neer Sachar, representing Sunrise Equities, can be contacted at [email protected] or (516) 776-3195 for potential opportunities.

Players

Neer Sachar

Sunrise Equities

Buyer

$18.1M

vol

13 deals

Buyer

Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.68%

Cash-on-Cash

-3.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93