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135 West 225th Street, Bron...

Irwin Levy Sells Multifamily Property In Bronx For $14.35M With New York Multifamily & Marcus Millichap As Brokers
SOLDMultiFamily

Irwin Levy Sells Multifamily Property In Bronx For $14.35M With New York Multifamily & Marcus Millichap As Brokers

135 West 225th Street, Bronx, NY, USA

$14,350,000

$172/SF

Building Size

83,290 SF

Asset Type

MultiFamily

Closing

Jul 29, 2021

AI

The multifamily property located at 135 West 225th Street in Bronx was recently sold for a price of $14,350,000. The property spans across 83,290 square feet, resulting in a price per square foot of $172. This transaction involved a total of 82 units, with a price per unit of $175,000.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $14,350,000
  • Square Footage: 83,290
  • Price per Square Foot: $172
  • Address: 135 West 225th Street
  • Market: Bronx
  • Units: 82
  • Price per Unit: $175,000

The sale of this property was facilitated by the brokers Peter Von Der Ahe, Joe Koicim, Seth Glasser, Haley Hasho, and Mike Fusco, representing New York Multifamily and Marcus & Millichap NY.

Players

Haley Hasho

Exodus Capital

Broker

$378.2M

vol

47 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

Irwin Levy

Seller

$36.3M

vol

3 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.11%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93