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1022 East 226th Street

Joel Wertzberger Sells Multifamily Property At 1022 East 226th Street Bronx For $1M With Shaya Rosenberg As Seller's Rep
SOLDMultiFamily

Joel Wertzberger Sells Multifamily Property At 1022 East 226th Street Bronx For $1M With Shaya Rosenberg As Seller's Rep

1022 East 226th Street

$1,000,000

$443/SF

Building Size

2,255 SF

Asset Type

MultiFamily

Closing

Dec 31, 2024

AI

This multifamily property at 1022 East 226th Street in the Bronx has a sale price of $1,000,000. The asset comprises three units, occupying a total square footage of 2,255, which translates to a price per unit of $333,333 and a price per square foot of $443. The property was delivered vacant and as-is, offering multiple entrances and parking facilities.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Units: 3
  • Square Footage: 2,255
  • Price Per Unit: $333,333
  • Price Per Square Foot: $443
  • Seller: Joel Wertzberger
  • Buyer’s Rep: Avraham Birnbaum - Twelve Stones Realty
  • Seller’s Rep: Shaya Rosenberg - The Syper Group
  • Date of Sale: 12/31/2024
  • Market: Bronx

This transaction involved coordination among several professionals, including Shaya Rosenberg representing the seller, Joel Wertzberger, and Avraham Birnbaum representing the buyer. Additionally, Mendy Wertzberger acted as the mortgage broker, facilitating a quick closing within 10 days for the buyer, Gavriel Kaufman.

Players

Avraham Birnbaum

Twelve Stones Realty

Broker

$44.7M

vol

24 deals

Broker

Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93