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1210 Stratford Ave Bronx, N...

Atlas Realty Group And Venture Capital Properties Sell Multifamily Property At 1210 Stratford Avenue In New York City For $5.15M
SOLDMultiFamily

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

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

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

129 deals

Broker

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