Updated Oct 29, 2024
Ved Parkash Acquires Multifamily Property In Tremont For $12.48M
165 E 179th St, The Bronx, NY 10453, USA
$12,480,000
$13/SF
Building Size
933,490 SF
Asset Type
MultiFamily
Closing
May 28, 2020
About this deal
AI
The multifamily property located at 165 E. 179th St in the Tremont market has been sold for a price of $12,480,000. The property spans a total area of 93,349 square feet and has a price per square foot of $133. The transaction involved the sale of 83 units, with a price per unit of $150,602.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,480,000
- Address: 165 E. 179th St
- Market: Tremont
- Square Footage: 93,349
- Price per Square Foot: $133
- Number of Units: 83
- Price per Unit: $150,602
The seller of the property was Morgan Group, represented by Scott Morgan. The buyer of the property was Ved Parkash.
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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93