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995 Westchester Avenue, The...

Updated Dec 21, 2023

Simkho Aranbayev Acquires Apartment Building In Foxhurst, Bronx For $3.4M
SOLDMultiFamily

Simkho Aranbayev Acquires Apartment Building In Foxhurst, Bronx For $3.4M

995 Westchester Avenue, The Bronx, New York 10459, United States

$3,400,000

$242/SF

Building Size

14,018 SF

Asset Type

MultiFamily

Closing

Aug 17, 2022

About this deal

AI

The property located at 995 Westchester Avenue in the Foxhurst neighborhood of Bronx has been sold in a recent transaction. The apartment building is classified under the R7-1 and C1-4 zoning regulations. The sale took place on August 18, 2022, with Simkho Aranbayev purchasing the property from Marcelina Mateo for a total price of $3,400,000.

Summary of transaction details

  • Property Type: Apartment
  • Transaction Amount: $3,400,000
  • Market: Foxhurst, Bronx
  • Zoning: R7-1, C1-4

The property has a building square footage (BSF) of 16,020 and a price per BSF of $212. The total land size is 4,657 square feet, with a lot dimension of 55 feet by 52.05 feet. The sale price per square foot (PPSF) is $242, based on a total square footage (SF) of 14,018.

The property's floor area ratio (FAR) is 3.01, and it falls under tax class 2. The last recorded sale of the property was on February 16, 2007, for a price of $1,500,000. An alteration 2 permit was issued on January 10, 2012.

Players

Simkho Aranbayev

Buyer

$50.9M

vol

11 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $242 per square foot on a published $3.4M for 14,018 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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