Updated Dec 19, 2023
Atlas Realty Group Partners Acquires Bronx Multifamily For $14.4M
1515 Grand Concourse, The Bronx, New York 10452, United States
$14,400,000
$195/SF
Building Size
73,692 SF
Asset Type
MultiFamily
Closing
Jan 18, 2022
About this deal
AI
A multifamily property located at 1515 Grand Concourse in Bronx was recently sold. The transaction was completed on January 25, 2022. The property, consisting of 76 units, spans across 73,692 square feet. The sale price for the property was $14,400,000, resulting in a price per unit of $189,473 and a price per square foot of $195.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,400,000
- Address: 1515 Grand Concourse
- Market: Bronx
Shlomo Antebi, Yosef Katz, and Erik Yankelovich from Atlas Realty Group Partners LLC served as the brokers for this transaction.
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
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93