Atlas Realty Group And Venture Capital Properties Sell Multifamily Property At 1210 Stratford Avenue In New York City For $5.15M
1210 Stratford Ave Bronx, NY 10472, USA
$5,150,000
$98/SF
Building Size
52,536 SF
Asset Type
MultiFamily
Closing
Jul 14, 2023
AI
A multifamily property located at 1210 Stratford Avenue in New York City has been sold for a price of $5,150,000. The property consists of 53 units, with an average price per unit of $97,170. The total square footage of the property is 52,536, resulting in a price per square foot of $98.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,150,000
- Address: 1210 Stratford Avenue, New York City
- Market: New York City
- Seller: Lazer Kviat
- Brokers: Yosef Katz, Shlomo Antebi, Erik Yankelovich, Nate Pilchik - Atlas Realty Group; Roy Oskar - Venture Capital Properties
The sale of this multifamily property was facilitated by a team of brokers, including Yosef Katz, Shlomo Antebi, Erik Yankelovich, Nate Pilchik from Atlas Realty Group, and Roy Oskar from Venture Capital Properties. These professionals played a crucial role in successfully completing the transaction.
Players
New York 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
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93