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Yitzi Salamon Purchases 1234 College Avenue Multifamily In Concourse Village For $1.025M

Property Image
SOLD
$1,025,000
Steve Reynolds
Brian Davila
Derek Bestreich
+ 1

New York

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MultiFamily3,600 SF
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Property Image
SOLD

Yitzi Salamon Purchases 1234 College Avenue Multifamily In Concourse Village For $1.025M

1234 College Avenue

See Similar Deals
MultiFamily3,600 SF
Sold
Steve Reynolds
Brian Davila
Derek Bestreich
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$284
Total Square Footage:3,600 SF
Transaction Type:Sale

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.

Players

Brian Davila
Investment Property Realty Group (IPRG)
Brian Davila
108 deals$283.4M volume(718) 360-8849
BROKER
Derek Bestreich
Investment Property Realty Group (IPRG)
Derek Bestreich
312 deals$1.1B volume(718) 360-8802
BROKER
Steve Reynolds
Investment Property Realty Group (IPRG)
Steve Reynolds
133 deals$364.4M volume(718) 360-8807
BROKER
John Loch
Investment Property Realty Group (IPRG)
John Loch
28 deals$56.3M volume(718) 360-4910
BROKER

Details

SOLD
IMAGE: Brian Davila & John Loch DATE: 2/9/2026 ADDRESS: 1234 College Avenue MARKET: Concourse Village, Bronx ASSET TYPE: Multifamily BUYER: Yitzi Salamon SELLER: Ken Weng BROKERS: Derek Bestreich, Steve Reynolds (@SteveReyNoldsNYC), Brian Davila (@Vills25), & John Loch (@JohnLoch15) - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $1,025,000 UNITS: 2 ~ PPU: $512,500 SF: 3,600 ~ PPSF: $284 NOTE FROM BROKER: Delivered Vacant, will be converted to 10 apartments.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$54,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,641.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,859.02
Annual Debt Service$58,308.28