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
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93