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957 Kelly Street, Bronx, NY...

Bronx Multifamily Sold For $7.8M To Benzion Ferzinger By Chaim Halberstam
SOLDMultiFamily

Bronx Multifamily Sold For $7.8M To Benzion Ferzinger By Chaim Halberstam

957 Kelly Street, Bronx, NY 10459, USA

$7,800,000

Building Size

Asset Type

MultiFamily

Closing

Jan 21, 2019

AI

The multifamily property located at 957-959 Kelly St. in the Bronx has been sold for a total price of $7.8 million. The property, which is in a prime location, offers a total of units. The buyer, Benzion Ferzinger, successfully purchased the property from the seller, Chaim Halberstam, in a closed transaction that took place on January 22, 2019.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $7.8M
  • Price Per Unit: $190K
  • Price Per Square Foot: $204
  • Address: 957-959 Kelly St.
  • Market: Bronx

Ryan Sabet, Abe Kahan, and Jacob Stavsky from VCPRE acted as brokers in this transaction, representing the respective parties involved in the deal. Their expertise and negotiation skills played a crucial role in facilitating the successful sale of the multifamily property in the Bronx.

Players

Jacob Stavsky

Stav Equities LLC

Broker

$175.2M

vol

29 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

2.03%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93