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1801 University Avenue

CBRE Brokers Robert Shapiro Ian Brooks Nicholas Kontos David Garcia Complete Bronx Multifamily Sale For $3.2M
SOLDMultiFamily

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

Ian Brooks

CBRE

Broker

$448.8M

vol

53 deals

Broker

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