The Cohen Family Acquires Bronx Multifamily For $8.05M
1860 Billingsley Terrace, Bronx, NY 10453
$8,050,000
$124/SF
Building Size
64,614 SF
Asset Type
MultiFamily
Closing
Jun 10, 2020
AI
The multifamily property located at 1860 Billingsley Terrace in Bronx has been sold in a recent transaction. The property consists of 59 units and was sold for a total price of $8,050,000, resulting in a per unit price of $136,440. The sale took place on June 10, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,050,000
- Address: 1860 Billingsley Terrace, Bronx
- Market: Bronx
- Buyer: The Cohen Family
- Seller: The Mehmetaj Family
- Brokers: Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Natan Safdieh from ARG_NYC
The transaction was facilitated by the brokers Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Natan Safdieh from ARG_NYC. They represented the buyers and sellers in the deal, ensuring a smooth and successful transaction.
Players
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
1.97%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93