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2026 Ryer Ave, Bronx, NY, USA

Jordan Cohen & Don Bichoupan Acquire Multifamily Properties In Bronx & Westchester County For $2.26M
SOLDMultiFamily

Jordan Cohen & Don Bichoupan Acquire Multifamily Properties In Bronx & Westchester County For $2.26M

2026 Ryer Ave, Bronx, NY, USA

$2,260,000

$1,067/SF

Building Size

2,118 SF

Asset Type

MultiFamily

Closing

Nov 5, 2021

AI

Four multifamily properties in the Bronx and Westchester County have been sold in a recent transaction. The properties are located at 2026 Ryer Ave., 952 East 227th St., 1219 Gilbert Pl., and 532 East 3rd St. The assets consist of a total of 12 units. The sale price for this transaction was $2,260,000, resulting in an average price per unit of $188,333.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $2,260,000
  • Units: 12
  • Price per Unit: $188,333

The buyers behind this transaction are Jordan Cohen and Don Bichoupan, representing Baker Capital Group LLC. Baker Capital Group is actively seeking residential free market properties in the Bronx and Westchester County. For direct contact with the buyers, you can reach out to Jordan Cohen at (917) 983-9145 or via email at [email protected], and Don Bichoupan at [email protected].

Players

Jordan Cohen

Baker Capital Group

Buyer

$13.7M

vol

8 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

7.02%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93