Updated Dec 21, 2023
Rosewood Realty Group Brokers Facilitate $3M Sale Of Multifamily Property In Bronx
151 Bruckner Boulevard, Bronx, NY 10454
$3,000,000
Units
16
Asset Type
MultiFamily
Closing
Jan 10, 2022
About this deal
AI
A multifamily property located at 151 Bruckner Blvd. in the Bronx has been sold for $3,000,000. The transaction took place on January 10, 2022. The property consists of 16 units, with a price per unit of $187,500.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Units: 16
- Price Per Unit: $187,500
The sale was facilitated by Aaron Jungreis, Ben Khakshoor, and Alex Fuchs of Rosewood Realty Group. They represented the buyer and seller in the transaction.
It is worth noting that the building was delivered 90% vacant. The new owner plans to conduct a substantial rehabilitation of the property.
Players
New York 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93