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
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