Updated Feb 17, 2026
Yitzi Salamon Purchases 1234 College Avenue Multifamily In Concourse Village For $1.025M
1234 College Avenue
$1,025,000
$284/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Feb 9, 2026
About this deal
AI
The property involved in this transaction is a multifamily asset located at 1234 College Avenue in Concourse Village, Bronx. The sale price for this property was $1,025,000, comprising 2 units with a total square footage of 3,600. The price per unit was $512,500, while the price per square foot amounted to $284.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,025,000
- Units: 2
- Square Footage: 3,600
- Price Per Unit: $512,500
- Price Per Square Foot: $284
- Buyer: Yitzi Salamon
- Seller: Ken Weng
The transaction involved multiple brokers from Investment Property Realty Group (IPRG): Derek Bestreich, Steve Reynolds, Brian Davila, and John Loch. This property was delivered vacant and is set to be converted into 10 apartments.
On the Map
$1,025,000
$284/SF
MultiFamily
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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
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93