Heritage Affordable Communities Acquires Affordable Housing In Yonkers & Bronx For $23.95M
SOLD
$23,950,000
New York
See Similar DealsOther17,172 SF
Sold 11/05/2021
SOLD
Heritage Affordable Communities Acquires Affordable Housing In Yonkers & Bronx For $23.95M
2120 Hughes Avenue, Bronx, NY 10457, USA
See Similar DealsOther17,172 SF
Sold 11/05/2021
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$1,394
Total Square Footage:17,172 SF
Transaction Type:Sale
The sale of 34 Highland Ave. in Yonkers and 2120 Hughes Ave. in the Bronx has been completed. The property is an affordable housing asset.
Summary of transaction details
- Property Type: Affordable Housing
- Transaction Amount: $23,950,000
- Total Units: 151
- Price Per Unit: $158,609
- Market: Yonkers & Bronx
The buyer of the property is Heritage Affordable Communities, and the seller is Macquesten Development represented by Rella Fogliano.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,277,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,089.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,535.22
Annual Debt Service$1,362,422.62
Is there something missing? Send suggestions