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1459 Wythe Pl, The Bronx, N...

Atlas Realty Group Partners Acquires Multifamily Property In Bronx For $14.4M
SOLDMultiFamily

Atlas Realty Group Partners Acquires Multifamily Property In Bronx For $14.4M

1459 Wythe Pl, The Bronx, NY 10452, USA

Building Size

76,000 SF

Asset Type

MultiFamily

Closing

Nov 28, 2020

AI

The latest closed property transaction in Bronx involved a multifamily asset located at 1515 Grand Concourse. The deal was facilitated by Shlomo Antebi, Yosef Katz, and Erik Yankelovich, representing Atlas Realty Group Partners LLC. The property offers 76 units, with an average price per unit of $189,473. Spanning across 73,692 square feet, the property was sold at a price of $14,400,000, translating to a price per square foot of $195.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $14,400,000
  • Address: 1515 Grand Concourse, Bronx
  • Market: Bronx
  • Brokers: Shlomo Antebi, Yosef Katz, & Erik Yankelovich - Atlas Realty Group Partners LLC
  • Units: 76
  • Price per Unit (PPU): $189,473
  • Total Square Footage (SF): 73,692
  • Price per Square Foot (PPSF): $195

This transaction was successfully executed thanks to the involvement of Shlomo Antebi, Yosef Katz, and Erik Yankelovich from Atlas Realty Group Partners LLC. Their expertise and negotiation skills played a crucial role in securing the deal for their clients.

Players

Jonathan Shainberg

Meridian Capital Group

Broker

$103.5M

vol

8 deals

Broker

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93