Updated Dec 20, 2023
Marcus & Millichap Sells Multifamily Property In Parkchester, Bronx For $1.9M
1517 White Plains Road, Bronx, NY, 10462, USA
$1,900,000
$143/SF
Building Size
13,280 SF
Asset Type
MultiFamily
Closing
Jul 12, 2020
About this deal
AI
A multifamily property located at 1517 White Plains Road in Parkchester, Bronx has been sold for a total price of $1,900,000. The property consists of 19 units, with an average price per unit of $100,000. The total square footage of the property is 13,280, resulting in a price per square foot of $143. The sale took place on July 12, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Units: 19
- Price Per Unit: $100,000
- Square Footage: 13,280
- Price Per Square Foot: $143
- Address: 1517 White Plains Road, Parkchester, Bronx
- Market: Parkchester, Bronx
The sale of this multifamily property was facilitated by Peter Von Der Ahe, Seth Glasser, and Mike Fusco from New York Multifamily and Marcus & Millichap NY.
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93