Ariel Property Advisors Brokers $26M Sale Of Parkchester Multifamily Property
SOLD
$26,000,000
+ 2
New York
See Similar DealsMultiFamily
Sold 01/18/2024
SOLD
Ariel Property Advisors Brokers $26M Sale Of Parkchester Multifamily Property
1500 Noble Avenue
See Similar DealsMultiFamily
Sold 01/18/2024
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 1500 Noble Avenue in Parkchester, Bronx has been sold in a closed transaction. The property consists of 237 units with a price per unit of $109,705. The total square footage of the property is 265,625, with a price per square foot of $98. The sale price for the property was $26,000,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $26,000,000
- Units: 237
- Price Per Unit: $109,705
- Square Footage: 265,625
- Price Per Square Foot: $98
- Address: 1500 Noble Avenue
- Market: Parkchester, Bronx
The transaction was facilitated by Ariel Property Advisors, represented by brokers Victor Sozio, Shimon Skury, Jason M. Gold, Daniel Mahfar, and Gabriel Elyaszadeh.
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)
$1,386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$92,372.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,253.26
Annual Debt Service$1,479,039.17
Is there something missing? Send suggestions