Updated Oct 28, 2024
Shamir Seidman & David Osband Acquire Multifamily Asset In Marble Hill, Bronx For $2.5M
169 West 228th Street, New York City, New York 10463, United States
$2,512,500
$388/SF
Building Size
6,470 SF
Asset Type
MultiFamily
Closing
Apr 27, 2022
About this deal
AI
A multifamily property located at 169 W. 228th St. in Marble Hill, Bronx has been sold for a total of $2,512,500. The property consists of 9 units and spans a total of 6,470 square feet. The sale price per unit is approximately $279,166, while the price per square foot is around $388.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,512,500
- Units: 9
- Price per Unit (PPU): $279,166
- Square Footage (SF): 6,470
- Price per Square Foot (PPSF): $388
The buyers of the property are Shamir Seidman and David Osband, while Mitch Perle Timber Equities acted as the seller. The transaction was facilitated by Seth Glasser and Mike Fusco from Marcus & Millichap.
On the Map
$2,512,500
$388/SF
MultiFamily
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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
6.31%
Cash-on-Cash
-1.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93