Alpha Realty Brokers Lev Mavashev & Yehuda Leser Facilitate $7M Package Deal Sale In Bronx
SOLD
$3,800,000
New York
See Similar Deals37,206 SF
Sold 02/15/2022
SOLD
Alpha Realty Brokers Lev Mavashev & Yehuda Leser Facilitate $7M Package Deal Sale In Bronx
505 East 178th Street, The Bronx, New York 10457, United States
See Similar Deals37,206 SF
Sold 02/15/2022
Summary
NEW YORK
Price Per Square Foot:$102
Total Square Footage:37,206 SF
Transaction Type:Sale
Lev Mavashev and Yehuda Leser of Alpha Realty represented the seller, Michael Toikach, in a package deal property transaction in the Bronx. The property, located at 505 East 178th Street and 4303 Baychester Avenue, was sold for a total of $7,000,000. With a total square footage of 37,206, the price per square foot comes out to be $188.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $7,000,000
- Address: 505 East 178th Street & 4303 Baychester Avenue
- Market: Bronx
- Brokers: Lev Mavashev & Yehuda Leser - Alpha Realty
Lev Mavashev and Yehuda Leser, representing Alpha Realty, successfully facilitated this transaction, demonstrating their expertise in the real estate market. The deal was completed on February 22, 2022, showcasing their commitment to meeting their clients' needs.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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