Josh Koppel Sells Bronx Multifamily Asset At 1592 And 1600 University Avenue For $3.1M
1592 University Avenue & 1600 University Avenue
$3,100,000
$52/SF
Building Size
58,630 SF
Asset Type
MultiFamily
Closing
Jun 25, 2026
AI
The transaction involved a multifamily asset located at 1592 University Avenue & 1600 University Avenue in the Bronx. The property was sold for $3,100,000, encompassing a total area of 29,315 square feet, with a price per square foot of $105.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Address: 1592 University Avenue & 1600 University Avenue
- Market: Bronx
- Square Footage: 29,315
- Price per Square Foot: $105
- Seller: Josh Koppel
- Brokers: Seth Glasser, Michael (Mike) Fusco & Benjamin Myerow - Marcus & Millichap
The New York Multifamily Team represented the buyer for this deal, facilitating the transaction and ensuring its completion in the Bronx market.
Players
Market 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93