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1104 Carroll Pl, The Bronx,...

TIC LLC Acquires Multi-Family Property In Bronx For $13.6M With Besen & Associates As Brokers
SOLDMultiFamily

TIC LLC Acquires Multi-Family Property In Bronx For $13.6M With Besen & Associates As Brokers

1104 Carroll Pl, The Bronx, NY 10456, USA

Building Size

702,200 SF

Asset Type

MultiFamily

Closing

Mar 12, 2018

AI

The multi-family property located at 1104-1112 Carroll Place in New York City has been sold for a total price of $13,600,000. The property spans across 70,220 square feet, with a price per square foot of $194. The transaction took place in the Bronx market.

Summary of transaction details:

  • Property Type: Multi-Family
  • Transaction Amount: $13,600,000
  • Square Footage: 70,220 sf
  • Price per Square Foot: $194
  • Address: 1104-1112 Carroll Place, New York
  • Market: Bronx

The seller, SBS Carroll LLC, represented by Chaim Schweid, sold the property to the buyer, TIC LLC, represented by Martin Schwartz. The deal was facilitated by Amit Doshi and Greg Corbin from Besen & Associates.

Players

Amit Doshi

Meridian Capital Group

Broker

$1.3B

vol

87 deals

Broker
Rosewood Realty Group
Rosewood Realty GroupBrokerage

Chaim Schweid

Seller

$12.4M

vol

2 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93