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850 Morris Park Avenue, Bro...

Joe Scalisi Acquires 7-Unit Multifamily In North Bronx For $920,000
SOLDMultiFamily

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

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

Michael Fusco

Marcus & Millichap

Broker

$581.1M

vol

89 deals

Broker

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