facebook
Traded Co logo
Submit

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

Property Image
SOLD
$14,350,000
Seth Glasser
Michael (Mike) Fusco
+ 3

New York

See Similar Deals
MultiFamily83,290 SF
Sold 07/30/2021
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
MultiFamily83,290 SF
Sold 07/30/2021
Seth Glasser
Michael (Mike) Fusco
+ 3
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$172
Total Square Footage:83,290 SF
Transaction Type:Sale

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
47 deals$378.2M volume(646) 840-8201
BROKER

Michael (Mike) Fusco
Marcus & Millichap
88 deals$576.1M volume(973) 865-6303
BROKER

Peter Von Der Ahe
Marcus & Millichap
110 deals$1.4B volume
BROKER

Seth Glasser
Marcus & Millichap
125 deals$1.1B volume
BROKER

Joseph (Joe) Koicim
Marcus & Millichap
173 deals$2.7B volume(212) 430-5147
BROKER

Details

SOLD
IMAGE: Peter Von Der Ahe, Joe Koicim, Seth Glasser, Haley Hasho & Mike Fusco DATE: 07/30/2021 ADDRESS: 135 West 225th Street MARKET: Bronx ASSET TYPE: Multifamily SELLER: Irwin Levy BROKERS: Peter Von Der Ahe (@NewyorkMultifamily), Joe Koicim (@Joey1Cap), Seth Glasser (@SethGlasser1), Haley Hasho (@HaleyHasho) & Mike Fusco (@Mike_Fusco_NYM) @NewYorkMultifamily @MarcusMillichap_NY SALE PRICE: $14,350,000 SF: 83,290 ~ PPSF: $172 UNITS: 82 ~ PPU: $175,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$765,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$50,982.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,026.32
Annual Debt Service$816,315.85