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96 East 208th Street

Esat Gashi Purchases Multifamily Property At 96 East 208th Street For $5 Million
SOLDMultiFamily

Esat Gashi Purchases Multifamily Property At 96 East 208th Street For $5 Million

96 East 208th Street & 178 East 205th Street

$5,000,000

$50/SF

Building Size

99,408 SF

Asset Type

MultiFamily

Closing

Aug 1, 2024

AI

The asset involved in this transaction is a multifamily property located at 96 East 208th Street & 178 East 205th Street in the Bronx. The sale price was $5,000,000, encompassing 50 units with a price per unit of $100,000. The total square footage of the property is 49,704, with a price per square foot of $100.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,000,000
  • Units: 50
  • Address: 96 East 208th Street & 178 East 205th Street
  • Market: Bronx
  • Price Per Unit: $100,000
  • Square Footage: 49,704
  • Price Per Square Foot: $100
  • Buyer: Esat Gashi
  • Seller: Zef Dedaj
  • Broker: Valon Nikci - Link NY Realty

Valon Nikci represented the buyer in this transaction, connecting Esat Gashi with the seller, Zef Dedaj. The brokerage, Link NY Realty, has access to over 200,000 properties throughout NYC, Westchester County, and Connecticut, offering a range of options, including off-market, foreclosures, and distressed properties. The firm has a notable track record with over $1 billion in sales.

Players

Valon Nikci

Link NY Realty

Broker

$30.7M

vol

8 deals

Broker

Bronx 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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93