Updated Dec 21, 2023
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
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93