Updated Sep 9, 2024
Ariel Property Advisors Represents Sale Of Pelham Bay Multifamily Property For $6.7M
1701 Parkview Avenue
$6,700,000
$318/SF
Building Size
21,042 SF
Asset Type
MultiFamily
Closing
Dec 1, 2022
About this deal
AI
A multifamily property located at 1701 Parkview Avenue in Pelham Bay, Bronx, has been sold at a price of $6,700,000. The property consists of 22 units, with an average price per unit of $304,545. It spans across a total area of 21,042 square feet, with a price per square foot of $318.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,700,000
- Address: 1701 Parkview Avenue, Pelham Bay, Bronx
- Market: Pelham Bay, Bronx
- Units: 22
- PPU: $304,545
- SF: 21,042
- PPSF: $318
The property sale was facilitated by brokers Jason M. Gold, Daniel Mahfar, and Victor Sozio from Ariel Property Advisors.
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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93