Alejandro Quito Sells Mixed-Use Property In Mott Haven For $6.8M
SOLD
$6,800,000
New York
See Similar DealsMixed-use
Sold 02/17/2022
SOLD
Alejandro Quito Sells Mixed-Use Property In Mott Haven For $6.8M
540 Concord Avenue
See Similar DealsMixed-use
Sold 02/17/2022
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Sale
The mixed-use property located at 540 Concord Avenue in Mott Haven, Bronx was recently sold for $6,800,000. The transaction was facilitated by Alejandro Quito, the seller, and Greg Corbin of Rosewood Realty Group, who represented the seller as the broker. The property consists of 38 units, resulting in a price per unit of $178,947.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,800,000
- Address: 540 Concord Avenue
- Market: Mott Haven, Bronx
- Units: 38
- Price per Unit (PPU): $178,947
Greg Corbin from Rosewood Realty Group played a vital role as Alejandro Quito's broker representative in this deal. The successful transaction highlights the collaborative efforts of both parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63
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