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
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