Updated Dec 18, 2023
Ari Lee Katz Acquires Single Family Residence In Bronx From Eli Lapp
5240 Independence Ave, The Bronx, NY 10471, USA
Building Size
6,036 SF
Asset Type
Single Family Residence
Closing
Oct 3, 2017
About this deal
AI
A single family, large suburban residence located at 5240 Independence Avenue in New York's Bronx neighborhood has been sold for a price of $3,650,000. The property spans 6,036 square feet, resulting in a price per square foot of $604.
Summary of transaction details
- Property Type: Single Family: Large Suburban Residence
- Transaction Amount: $3,650,000
- Square Footage: 6,036
- Price per Square Foot: $604
- Address: 5240 Independence Avenue
- Market: Bronx
Eli Lapp, the seller, has successfully sold the property to Ari Lee Katz.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93