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
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