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
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.
Players
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