The Daniel Group Acquires Bronx Property From T J Bennett Realty Corp For $1.6M
SOLD
$1,600,000
New York
See Similar DealsMultiFamily25,500 SF
Sold 08/28/2018
SOLD
The Daniel Group Acquires Bronx Property From T J Bennett Realty Corp For $1.6M
931 East 179th Street, Bronx, NY, USA
See Similar DealsMultiFamily25,500 SF
Sold 08/28/2018
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$62
Total Square Footage:25,500 SF
Transaction Type:Sale
The property at 931-935 East 179th Street in Bronx, New York, has been sold for a price of $1,600,000. The transaction took place on 08/28/18. The property has a building square footage of 25,500 and a price per building square footage of $62.
Summary of transaction details
- Property Type: N/A
- Transaction Amount: $1,600,000
- Seller: T J Bennett Realty Corp - Deborah Jones
- Buyer: The Daniel Group - Robert Kohn
- Broker: Daniel Dilamani
- Address: 931-935 East 179th Street, Bronx, New York
- Market: Bronx
- City: New York
The seller of the property was T J Bennett Realty Corp, represented by Deborah Jones. The buyer was The Daniel Group, represented by Robert Kohn. The broker involved in the deal was Daniel Dilamani.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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