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1151 E 165th St, The Bronx,...

Sol Dayan Acquires Multi Family Property In Bronx, NY For $4.1M
SOLDMultiFamily

Sol Dayan Acquires Multi Family Property In Bronx, NY For $4.1M

1151 E 165th St, The Bronx, NY 10459, USA

$4,100,000

$185/SF

Building Size

22,050 SF

Asset Type

MultiFamily

Closing

Jul 25, 2018

AI

A multi-family property located at 1151-1155 East 165th Street in Bronx, NY has recently been sold in a closed transaction. The property spans a total of 22,050 square feet and consists of 22 units. The sale price for this asset was $4,100,000, resulting in a price per square foot of $186.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $4,100,000
  • Square Footage: 22,050
  • Address: 1151-1155 East 165th Street, Bronx, NY
  • Market: New York

The seller of the property was Juan Perez, while the buyer was Sol Dayan. The transaction was facilitated by the brokers from New York Multifamily, namely Mike Fusco, Seth Glasser, Adam Radi, and Peter Vonderahe. They represented both the buyer and the seller in this deal.

Players

Michael Fusco

Marcus & Millichap

Broker

$576.1M

vol

88 deals

Broker
Sol Dayan

Sol Dayan

HDGS Group Realty

Buyer

$67M

vol

5 deals

Buyer

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

3.87%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93