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1163 Beach Avenue

Seenauth Seecharran Sells Bronx Multifamily Property At 1163 Beach Avenue For $3 Million
SOLDMultiFamily

Seenauth Seecharran Sells Bronx Multifamily Property At 1163 Beach Avenue For $3 Million

1163 Beach Avenue

$3,000,000

$156/SF

Building Size

19,200 SF

Asset Type

MultiFamily

Closing

Sep 26, 2024

AI

The property involved in this transaction is a multifamily asset located at 1163 Beach Avenue in the Bronx market. The sale price was recorded at $3,000,000 for a total of 19 units, resulting in a price per unit of $157,894. The property encompasses a total square footage of 19,200, equating to a price per square foot of $156.

Summary of transaction details:

Key individuals involved in this transaction include Seenauth Seecharran as the seller, while the brokerage representation was provided by Seth Glasser, Michael Fusco, and Ben Myerow from Marcus & Millichap, highlighting their roles in the successful closure of this deal.

Players

Michael Fusco

Marcus & Millichap

Broker

$576.1M

vol

88 deals

Broker

Bronx 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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93