Updated Dec 20, 2023
David Levitan Acquires Multifamily Property On Vyse Avenue For $12.2M
1838 Vyse Avenue, The Bronx, New York 10460, United States
$12,200,000
$274/SF
Building Size
44,525 SF
Asset Type
MultiFamily
Closing
Sep 11, 2022
About this deal
AI
The multifamily property located at 1838 Vyse Avenue in East Morrisania has been sold. The sale was finalized on September 12, 2022. The property consists of 64 units with a per unit price of $190,625, and a total square footage of 44,525. The sale price for the property was $12,200,000, resulting in a price per square foot of $274.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,200,000
- Address: 1838 Vyse Avenue, East Morrisania
- Units: 64
- Price Per Unit: $190,625
- Square Footage: 44,525
- Price Per Square Foot: $274
David Levitan purchased the property from David Kleiner. Both parties were represented by their respective agents in the transaction.
On the Map
$12,200,000
$274/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.30%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93