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950 Westchester Avenue

Yechiel Newhouse Acquires Condo At 950 Westchester Avenue In Foxhurst, Bronx For $10.5M
SOLDCondo

Yechiel Newhouse Acquires Condo At 950 Westchester Avenue In Foxhurst, Bronx For $10.5M

950 Westchester Avenue

$10,505,000

Building Size

Asset Type

Condo

Closing

Sep 29, 2023

AI

Yechiel Newhouse has acquired a condo in Foxhurst, Bronx for $10,505,000. The property, located at 950 Westchester Avenue, offers a prime location and attractive features.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $10,505,000
  • Address: 950 Westchester Avenue, Foxhurst, Bronx
  • Buyer: Yechiel Newhouse
  • Seller: Alex Arker

This notable transaction involved Yechiel Newhouse as the buyer and Alex Arker as the seller. The deal was successfully completed on 9/29/2023, resulting in the acquisition of the condo at 950 Westchester Avenue. The transaction showcases the vibrant real estate market in Foxhurst, Bronx.

Players

Yechiel Newhouse

Buyer

$50.9M

vol

5 deals

Buyer

Alex Arker

Arker Companies

Seller

$1.1B

vol

5 deals

Seller

Bronx Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93