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2114 Daly Avenue, The Bronx...

Updated Dec 21, 2023

Shiya Labin & Benjamin Neuman Acquire Apartment In West Farms, Bronx For $4.1M
SOLDMultiFamily

Shiya Labin & Benjamin Neuman Acquire Apartment In West Farms, Bronx For $4.1M

2114 Daly Avenue, The Bronx, New York 10460, United States

$4,100,000

$192/SF

Building Size

21,355 SF

Asset Type

MultiFamily

Closing

May 31, 2022

About this deal

AI

The property involved in the closed transaction is an apartment located at 2114 Daly Avenue in the West Farms neighborhood of Bronx. The property is zoned as R7-1 and has a total square footage of 21,355. The building has a total of 18,005 square feet of above-grade floor area, with a price per square foot of $227. The transaction took place on June 1, 2022, with a sale price of $4,100,000.

Summary of transaction details:

  • Property Type: Apartment
  • Transaction Amount: $4,100,000
  • Market: West Farms, Bronx
  • Zoning: R7-1
  • Buyer: Shiya Labin & Benjamin Neuman
  • Seller: George Pscherhofer
  • Building Square Footage: 18,005
  • Price per Square Foot: $227
  • Total Square Footage: 21,355
  • Floor Area Ratio (FAR): 4.08
  • Tax Class: 2
  • Lot Size: 5,234
  • Last Sale Price: $2,855,000 (03/11/2015)
  • Permits: Alteration 2 (03/03/1997)
  • Lot Dimension: 43.17 ft x 121.25 ft

The deal was facilitated by Shiya Labin & Benjamin Neuman as the buyers, representing themselves in the transaction. George Pscherhofer acted as the seller. The property had a previous sale on March 11, 2015, with a sale price of $2,855,000. It also received an alteration permit on March 3, 1997. The lot has a dimension of 43.17 ft x 121.25 ft.

Players

Shiya Labin

Buyer

$35.1M

vol

3 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $192 per square foot on a published $4.1M for 21,355 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.87%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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