Updated Dec 21, 2023
Joe Scalisi Acquires 7-Unit Multifamily In North Bronx For $920,000
850 Morris Park Avenue, Bronx, NY, USA
$920,000
$159/SF
Building Size
5,760 SF
Asset Type
MultiFamily
Closing
Jun 2, 2021
About this deal
AI
An multifamily property located at 850 Morris Park Avenue in the North Bronx has been sold for a price of $920,000. The property consists of 7 units with a total square footage of 5,760. The price per unit is $131,429, and the price per square foot is $160.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $920,000
- Address: 850 Morris Park Avenue
- Market: North Bronx
- Units: 7
- Square Footage: 5,760
- Price per Unit: $131,429
- Price per Square Foot: $160
Joe Scalisi has purchased the property. The deal was facilitated by brokers Peter Von Der Ahe, Seth Glasser, and Mike Fusco from New York Multifamily and Marcus Millichap_NY.
Players
New York 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
17.24%
Cash-on-Cash
-4.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93