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

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SOLD
$5,000,000

New York

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MultiFamily99,408 SF
Sold 08/01/2024
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Property Image
SOLD

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

96 East 208th Street & 178 East 205th Street

See Similar Deals
MultiFamily99,408 SF
Sold 08/01/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$50
Total Square Footage:99,408 SF
Transaction Type:Sale

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.

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8 deals$30.7M volume(646) 321-9428
BROKER

Details

SOLD
IMAGE: Valon Nikci DATE: 7/31/2024 ADDRESS: 96 East 208th Street & 178 East 205th Street MARKET: Bronx ASSET TYPE: Multifamily BUYER: Esat Gashi SELLER: Zef Dedaj BROKER: Valon Nikci (@TheValonNikci) - Link NY Realty (@LinkNYRealty) SALE PRICE: $5,000,000 UNITS: 50 ~ PPU: $100,000 SF: 49,704 ~ PPSF: $100 NOTE FROM BROKER: We have access to over 200,000.00 properties throughout NYC, Westchester County & CT, including off-market, foreclosures, distressed properties, value add, and off-market properties. We are a boutique commercial and residential real estate firm, with over $1B in sales.

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
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