Updated Dec 20, 2023
RosewoodRG Sells Multifamily Property In Morris Heights, Bronx For $10M
1710 Popham Ave, Morris Heights, Bronx, NY, USA
$10,000,000
$149/SF
Building Size
66,945 SF
Asset Type
MultiFamily
Closing
Jun 9, 2020
About this deal
AI
A multifamily property located at 1710 & 1730 Popham Ave. in Morris Heights, Bronx, has been sold for a total of $10,000,000. The property spans a total of 66,945 square feet, resulting in a price per square foot of $149. It consists of 73 units, with an average price per unit of $136,986.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Market: Morris Heights, Bronx
- Address: 1710 & 1730 Popham Ave.
- Broker: Aaron Jungreis - RosewoodRG
- Square Feet: 66,945
- Price Per Square Foot: $149
- Units: 73
- Price Per Unit: $136,986
The sale was facilitated by Aaron Jungreis from RosewoodRG. His representation was instrumental in completing the transaction successfully.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93