Updated Dec 21, 2023
Andrew Lichtenstein Inc. Represents Sale Of Multifamily Property In East Tremont For $12.9M
2001 Arthur Avenue, The Bronx, New York 10457, United States
$12,925,000
$352/SF
Building Size
36,700 SF
Asset Type
MultiFamily
Closing
May 12, 2022
About this deal
AI
The multifamily property located at 2001 Arthur Ave. in East Tremont has been sold for a total price of $12,925,000. This property consists of 46 units, with an average price per unit of $280,978. The total square footage of the property is 36,700, resulting in a price per square foot of $352.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,925,000
- Units: 46
- Average Price Per Unit: $280,978
- Square Footage: 36,700
- Price Per Square Foot: $352
- Market: East Tremont
The sale was facilitated by Andrew Lichtenstein from Andrew Lichtenstein Inc. as the broker representing the parties involved in the 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
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93