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1412 Franklin Avenue

Chaim Cohen Acquires Multifamily Property In Bronx For $2.2M
SOLDMultiFamily

Chaim Cohen Acquires Multifamily Property In Bronx For $2.2M

1412 Franklin Avenue & 1359 Webster Avenue

$2,200,000

$55/SF

Building Size

39,376 SF

Asset Type

MultiFamily

Closing

Jun 20, 2024

AI

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:

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

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

210 deals

Broker

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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93