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David Kaye & Joe Listhaus, Peter Hungerford, And Shlomo Tajerstein Acquire Multifamily Portfolio For $33.6M In Bronx

Property Image
SOLD
$33,600,000
Shimon Shkury
Daniel Mahfar
+ 1

New York

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MultiFamily314,590 SF
Sold 12/02/2022
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Property Image
SOLD

David Kaye & Joe Listhaus, Peter Hungerford, And Shlomo Tajerstein Acquire Multifamily Portfolio For $33.6M In Bronx

Tudor Pl, The Bronx, NY 10452, USA

See Similar Deals
MultiFamily314,590 SF
Sold 12/02/2022
Shimon Shkury
Daniel Mahfar
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$106
Total Square Footage:314,590 SF
Transaction Type:Sale

The multifamily property located at 111 Tudor Place, 112-114 Tudor Place, 117-119 Tudor Place, 1170 Walton Ave., 1176 Walton Ave., and 309 East 164th St. in Bronx has been sold in a transaction. The property features a total of 297 units, with a price per unit of $113,131, and a total square footage of 314,590. The sale price for the property was $33,600,000, with a price per square foot of $107.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $33,600,000
  • Units: 297
  • Price per Unit: $113,131
  • Square Footage: 314,590
  • Price per Square Foot: $107
  • Market: Bronx

The buyers in this transaction were David Kaye, Joe Listhaus of Rockledge, Peter Hungerford of PH Realty Capital, and Shlomo Tajerstein. The sellers were The Leeds Family. The deal was facilitated by brokers Vic Sozio, Daniel Mahfar, Jason M. Gold, and Shimon Shkury of Ariel Property Advisors.

Players

Daniel Mahfar
42 deals$753M volume
BROKER

Jason M. Gold
Ariel Property Advisors
59 deals$1B volume
BROKER

Shimon Shkury
Ariel Property Advisors
55 deals$1.7B volume
BROKER

Victor Sozio
Ariel Property Advisors
111 deals$2.3B volume
BROKER

Details

SOLD
IMAGE: Peter Hungerford, David Kaye & Joe Listhaus DATE: 12/02/2022 ADDRESS: 111 Tudor Place, 112-114 Tudor Place, 117-119 Tudor Place, 1170 Walton Ave., 1176 Walton Ave. & 309 East 164th St. MARKET: Bronx ASSET TYPE: Multifamily BUYER: David Kaye & Joe Listhaus - Rockledge (@Rockledge), Peter Hungerford - PH Realty Capital & Shlomo Tajerstein SELLER: The Leeds Family BROKERS: Vic Sozio, Daniel Mahfar, Jason M. Gold & Shimon Shkury - Ariel Property Advisors SALE PRICE: $33,600,000 UNITS: 297 ~ PPU: $113,131 SF: 314,590 ~ PPSF: $107

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,792,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$119,373.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$159,281.14
Annual Debt Service$1,911,373.70