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Walter Wilfinger Acquires Multifamily Building At 1181 Sheridan Avenue For $3.97M

Property Image
SOLD
$3,965,000

New York

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MultiFamily
Sold 04/29/2026
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Property Image
SOLD

Walter Wilfinger Acquires Multifamily Building At 1181 Sheridan Avenue For $3.97M

1181 Sheridan Avenue

See Similar Deals
MultiFamily
Sold 04/29/2026
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily building located at 1181 Sheridan Avenue in the Concourse Village market of the Bronx has been sold. The transaction was finalized for a total amount of $3,965,000. The property spans 72,276 square feet, equating to a price per square foot of $55.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $3,965,000
  • Square Footage: 72,276
  • Price Per Square Foot: $55
  • Buyer: Walter Wilfinger
  • Seller: Aida Spitzer - Annal Management
  • Sale Date: 04/29/2026

Walter Wilfinger, the buyer, has completed the acquisition from Aida Spitzer, representing Annal Management, facilitating the transaction of this significant property in the Bronx.

Players

2 deals$11.7M volume
BUYER

2 deals$11.7M volume
SELLER

Details

SOLD
IMAGE: 04/29/2026 ADDRESS: 1181 Sheridan Avenue MARKET: Concourse Village, Bronx ASSET TYPE: MultiFamily BUYER: Walter Wilfinger SELLER: Aida Spitzer - Annal Management SALE PRICE: $3,965,000 SF: 72,276 - PPSF: $55 NOTE: Walter Wilfinger acquired a 72,276-square-foot multifamily building in the Concourse Village section of the Bronx from Annal Management's Aida Spitzer. The property at 1181 Sheridan Avenue traded for approximately $3.97 million, representing a price of $55 per square foot.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,086.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,796.12
Annual Debt Service$225,553.47