Joe Scalisi Acquires 7-Unit Multifamily In North Bronx For $920,000
SOLD
$920,000
New York
See Similar DealsMultiFamily5,760 SF
Sold 06/03/2021
SOLD
Joe Scalisi Acquires 7-Unit Multifamily In North Bronx For $920,000
850 Morris Park Avenue, Bronx, NY, USA
See Similar DealsMultiFamily5,760 SF
Sold 06/03/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$159
Total Square Footage:5,760 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$49,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,268.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,361.27
Annual Debt Service$52,335.23
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