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1181 Sheridan Avenue

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

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

Walter Wilfinger

Buyer

$11.7M

vol

2 deals

Buyer

Aida Spitzer

Annal Management

Seller

$11.7M

vol

2 deals

Seller

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