Updated Dec 19, 2023
Howard Schneider Sells Multifamily Property On Taylor Ave In Bronx For $7.3M With Buyer's Rep Shlomo Antebi & Atlas Realty Group Partners LLC
1451 Taylor Avenue, Bronx, NY 10460
$7,300,000
$150/SF
Building Size
48,370 SF
Asset Type
MultiFamily
Closing
Jan 21, 2022
About this deal
AI
The multifamily property at 1451 & 1467 Taylor Ave. in the Bronx has been sold for a price of $7,300,000. The property consists of 60 units, with an average price per unit of $121,666. The total square footage of the property is 48,370, resulting in a price per square foot of $150. The sale was completed on January 21, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,300,000
- Units: 60
- Price per Unit: $121,666
- Square Footage: 48,370
- Price per Square Foot: $150
Howard Schneider served as the seller of the property. The deal was facilitated by brokers Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Nate Pilchick from Atlas Realty Group Partners LLC.
On the Map
$7,300,000
$150/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93