Alex Tsiros & Tony Kolaj Acquire Multifamily Property From Doug Sacs In Bronx For $1.13M
SOLD
$1,130,000
New York
See Similar DealsMultiFamily11,733 SF
Sold 02/13/2025
SOLD
Alex Tsiros & Tony Kolaj Acquire Multifamily Property From Doug Sacs In Bronx For $1.13M
2418 Beaumont Avenue
See Similar DealsMultiFamily11,733 SF
Sold 02/13/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$96
Total Square Footage:11,733 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,266.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,014.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,356.78
Annual Debt Service$64,281.32
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