CBRE Brokers Robert Shapiro Ian Brooks Nicholas Kontos David Garcia Complete Bronx Multifamily Sale For $3.2M
1801 University Avenue
$3,200,000
$98/SF
Building Size
32,600 SF
Asset Type
MultiFamily
Closing
Apr 28, 2026
AI
The property involved in this transaction is a multifamily asset located at 1801 University Avenue in the Bronx. The sale price of the property was $3,200,000, which breaks down to 33 units at a price per unit of $96,969. The total square footage of the building is 32,600, resulting in a price per square foot of $98.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Units: 33
- Price Per Unit: $96,969
- Square Footage: 32,600
- Price Per Square Foot: $98
- Market: Bronx
- Sale Date: 4/29/2026
The brokers representing the transaction were Robert Shapiro, Ian Brooks, Nicholas Kontos, and David Garcia, all from CBRE. Their involvement indicates a coordinated effort in facilitating this sale, contributing to the successful closing of the transaction.
Players
Bronx 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93