Heritage Affordable Communities Acquires Affordable Housing In Yonkers & Bronx For $23.95M
2120 Hughes Avenue, Bronx, NY 10457, USA
$23,950,000
$1,394/SF
Building Size
17,172 SF
Asset Type
Other
Closing
Nov 5, 2021
About this deal
AI
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.
The other sale at 2120 Hughes Avenue, Bronx, NY 10457, USA in New York, New York sold for $24M in 2021. Reported inventory is 17,172 square feet across 151 units, or about 1.4K per square foot. Named participants on the 2120 Hughes Avenue, Bronx, NY 10457, USA sale are Rella Fogliano. This page is the New York, New York file for the 2120 Hughes Avenue, Bronx, NY 10457, USA other sold: pricing, party profiles, and other closed other comps from the same New York sit in the Market section below. Filter that New York other set by closing date to see what else sold near 2120 Hughes Avenue, Bronx, NY 10457, USA around 2021. Published consideration for 2120 Hughes Avenue, Bronx, NY 10457, USA is $24M, dated 2021. Cite this Heritage Affordable Communities Acquires Affordable Housing In Yonkers & Bronx For $23.95M sale when underwriting similar other product around New York, New York.
On the Map
$23,950,000
$1,394/SF
Other
View full map
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
Visit Rella Fogliano to view all their deals.
Browse New York other sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93