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
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