Updated Feb 20, 2025
Alex Tsiros & Tony Kolaj Acquire Multifamily Property From Doug Sacs In Bronx For $1.13M
2418 Beaumont Avenue
$1,130,000
$96/SF
Building Size
11,733 SF
Asset Type
MultiFamily
Closing
Feb 13, 2025
About this deal
AI
The property located at 2418 Beaumont Avenue in the Bronx is a multi-family asset. The sale took place at a price of $1,130,000, comprising 16 units, with a price per unit of $70,625. The total square footage of the property is 11,733, equating to a price per square foot of $96.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,130,000
- Units: 16
- Price Per Unit: $70,625
- Square Footage: 11,733
- Price Per Square Foot: $96
- Buyer: Alex Tsiros & Tony Kolaj
- Seller: Doug Sacs
- Broker: David Simone - Concourse Realty
- Date of Transaction: 02/13/2025
The deal involved buyers Alex Tsiros and Tony Kolaj acquiring the property from seller Doug Sacs. The transaction was facilitated by broker David Simone from Concourse Realty, representing the involved parties in this multi-family property deal.
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
14.04%
Cash-on-Cash
-4.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93