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1006 Intervale Avenue, The ...

Updated Dec 21, 2023

Menachem Gansburg Acquires Apartment In Foxhurst, Bronx For $4.03M
SOLDMultiFamily

Menachem Gansburg Acquires Apartment In Foxhurst, Bronx For $4.03M

1006 Intervale Avenue, The Bronx, New York 10459, United States

$4,030,000

$317/SF

Building Size

12,712 SF

Asset Type

MultiFamily

Closing

Sep 19, 2022

About this deal

AI

The property at 1006 Intervale Avenue in Foxhurst, Bronx has been sold for $4,030,000. The apartment building has a total square footage of 12,712 and a price per square foot of $317. The building has a total of 12,900 buildable square feet and a price per buildable square foot of $312. The lot size is 3,750 square feet, with dimensions of 37.5 ft x 100 ft. The property is zoned as R7-1 and has a floor area ratio (FAR) of 3.39. The property's tax class is 2. The seller of the property is Chaim Abramson, and the buyer is Menachem Gansburg.

Summary of transation details

  • Property Type: Apartment
  • Transaction Amount: $4,030,000
  • Market: Foxhurst, Bronx
  • Zoning: R7-1
  • BSF: 12,900
  • PPBSF: $312
  • SF: 12,712
  • PPSF: $317
  • FAR: 3.39
  • Tax Class: 2
  • Lot Size: 3,750
  • Lot Dimension: 37.5 ft x 100 ft

Menachem Gansburg represented the buyer in this property transaction.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $317 per square foot on a published $4M for 12,712 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.94%

Cash-on-Cash

-1.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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