Neer Sachar Acquires Multifamily Property In Fordham, Bronx For $750,000
SOLD
$750,000
New York
See Similar DealsMultiFamily2,424 SF
Sold 08/24/2023
SOLD
Neer Sachar Acquires Multifamily Property In Fordham, Bronx For $750,000
MultiFamily2,424 SF
Sold 08/24/2023
Summary
Asset Type:MultiFamily
Price Per Square Foot:$309
Total Square Footage:2,424 SF
Transaction Type:Sale
A multifamily property located in Fordham, Bronx has been sold for $750,000. The property spans across 2,424 square feet, resulting in a price per square foot of $309. The transaction took place off-market and was sourced from an Instagram story. Within a week, the property was toured and entered into a hard contract.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $750,000
- Square Footage: 2,424
- Price per Square Foot: $309
- Market: Fordham, Bronx
The buyer of this property is Neer Sachar. The seller is Narain Chaibarlall. Neer Sachar's contact details are [email protected] and (516)776-3195. Sunrise Equities, represented by Neer Sachar, has shown the ability to close even the most complex transactions throughout NYC. Brokers facing difficulty in this challenging market are encouraged to send multifamily, mixed use, and retail investment opportunities to [email protected].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$40,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,664.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,555.38
Annual Debt Service$42,664.59
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