Updated Oct 29, 2024
Ryan Zar & David Strauss Acquire 9-Unit Multi-Family Property In Highbridge, Bronx For $2.04M
974 Anderson Ave, The Bronx, NY 10452, USA
Building Size
12,768 SF
Asset Type
MultiFamily
Closing
Apr 18, 2018
About this deal
AI
The multi-family property located at 974 Anderson Avenue in Highbridge, Bronx, New York has been sold for a total price of $2,040,000. The property spans a total of 12,768 square feet, with each unit offering over 1,000 square feet of space. The price per square foot for this transaction is $168, and the purchase price per unit is $226,000. The property has a capitalization rate of 5.2%.
Summary of Transaction Details:
- Property Type: Multi Family
- Transaction Amount: $2,040,000
- Square Footage: 12,768 sf
- Price per Square Foot: $168
- Number of Units: 9
- Purchase Price per Unit: $226,000
- Capitalization Rate: 5.2%
- Market: Highbridge, Bronx
The seller of the property is 974 Anderson LLC, represented by Chaim Simkowitz. The buyers in this transaction are Ryan Zar and David Strauss.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93