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1860 Billingsley Terrace, B...

The Cohen Family Acquires Bronx Multifamily For $8.05M
SOLDMultiFamily

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

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

Natan Safdieh

Atlas Realty Group

Broker

$113.5M

vol

22 deals

Broker

Cohen Family

Regal Acquisitions

Buyer

$58M

vol

11 deals

Buyer

Mehmetaj Family

Seller

$16.7M

vol

2 deals

Seller

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