Chaim Cohen Acquires Multifamily Property In Bronx For $2.2M
SOLD
$2,200,000
New York
See Similar DealsMultiFamily39,376 SF
Sold 06/20/2024
SOLD
Chaim Cohen Acquires Multifamily Property In Bronx For $2.2M
1412 Franklin Avenue & 1359 Webster Avenue
See Similar DealsMultiFamily39,376 SF
Sold 06/20/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$55
Total Square Footage:39,376 SF
Transaction Type:Sale
The multifamily property located at 1412 Franklin Avenue & 1359 Webster Avenue in Bronx was recently sold for $2,200,000. This property consists of 29 units, covering an area of 19,688 square feet. The price per unit equated to $75,862, with a price per square foot of $112.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 1412 Franklin Avenue & 1359 Webster Avenue
- Market: Bronx
- Seller: Michael Black
- Buyer: Chaim Cohen
- Brokers: Aaron Jungreis, Ben Khakshoor & Reouven Elharar - Rosewood Realty Group
The sale was facilitated by brokers Aaron Jungreis, Ben Khakshoor, and Reouven Elharar from Rosewood Realty Group, representing the buyer and seller in this transaction.
Players
Details
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
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
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.
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
Is there something missing? Send suggestions