Updated May 15, 2026
Walter Wilfinger Acquires Multifamily Building At 1181 Sheridan Avenue For $3.97M
1181 Sheridan Avenue
$3,965,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 29, 2026
About this deal
AI
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.
On the Map
$3,965,000
MultiFamily
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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
4.00%
Cash-on-Cash
-1.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93