Neer Sachar Acquires Multifamily Property In Fordham, Bronx For $750,000
$750,000
$309/SF
Building Size
2,424 SF
Asset Type
MultiFamily
Closing
Aug 24, 2023
AI
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].
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
21.15%
Cash-on-Cash
-6.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93