facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

Neer Sachar buys multifamil...

Neer Sachar Acquires Multifamily Property In Fordham, Bronx For $750,000
SOLDMultiFamily

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].

Players

Neer Sachar

Sunrise Equities

Buyer

$18.1M

vol

13 deals

Buyer

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