Yecheskel Geller Acquires Bronx Multifamily Property For $6.45M
SOLD
$6,450,000
+ 2
New York
See Similar DealsMultiFamily270,000 SF
Sold 10/19/2018
SOLD
Yecheskel Geller Acquires Bronx Multifamily Property For $6.45M
12 E 196th St, The Bronx, NY 10468, USA
See Similar DealsMultiFamily270,000 SF
Sold 10/19/2018
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$23
Total Square Footage:270,000 SF
Transaction Type:Sale
12 East 196th Street, a multifamily property located in the Bronx, was recently sold in a closed transaction. The property consists of 34 units with a total square footage of 27,000. The sale price for the property was $6,450,000, resulting in a price per square foot of $239. The seller, Morris Weinberg, represented GF Financial LLC, while the buyer, Yecheskel Geller, was represented by Geller Real Estate LLC.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,450,000
- Square Footage: 27,000
- Price per Square Foot: $239
- Number of Units: 34
- Price per Unit: $189,706
- Seller: Morris Weinberg - GF Financial LLC
- Buyer: Yecheskel Geller - Geller Real Estate LLC
The deal was facilitated by brokers Mike Fusco, Seth Glasse, and Joe Koicim. They played a key role in representing their respective parties and ensuring a successful transaction for both the buyer and seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$343,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,915.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,576.29
Annual Debt Service$366,915.49
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