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1838 Vyse Avenue, The Bronx...

David Levitan Acquires Multifamily Property On Vyse Avenue For $12.2M
SOLDMultiFamily

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

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.

Players

David Levitan

Buyer

$70.9M

vol

4 deals

Buyer

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

1.30%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93