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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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