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1592 University Avenue

Josh Koppel Sells Bronx Multifamily Asset At 1592 And 1600 University Avenue For $3.1M
SOLDMultiFamily

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

Michael Fusco

Marcus & Millichap

Broker

$584.2M

vol

90 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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