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505 East 178th Street, The ...

Alpha Realty Brokers Lev Mavashev & Yehuda Leser Facilitate $7M Package Deal Sale In Bronx
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

$3,800,000

$102/SF

Building Size

37,206 SF

Asset Type

Closing

Feb 14, 2022

AI

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.

Players

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 deals

Broker

Michael Toikach

Seller

$7M

vol

2 deals

Seller

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93