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.
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