Updated Dec 21, 2023
Marcus & Millichap Brokers Sell Multifamily In Concourse Bronx For $8.1M
1125-1127 Sheridan Avenue, The Bronx, New York 10456, United States
$8,115,000
$179/SF
Building Size
45,300 SF
Asset Type
MultiFamily
Closing
May 11, 2022
About this deal
AI
A multifamily property located at 1125-1127 Sheridan Avenue in the Concourse neighborhood of Bronx, was recently sold for a price of $8,115,000. The property consists of 53 units, with a per unit price of $153,113. The total square footage of the property is 45,300, resulting in a price per square foot of $179.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,115,000
- Units: 53
- Price per Unit: $153,113
- Square Footage: 45,300
- Price per Square Foot: $179
The sale of the property was facilitated by Seth Glasser and Mike Fusco from Marcus & Millichap.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.95%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93