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Richard Guarino Of Friedman-Roth Realty Sells Multifamily Buildings In Bronx For $4.05M

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SOLD
$4,050,000

New York

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MultiFamily44,000 SF
Sold 05/15/2025
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SOLD

Richard Guarino Of Friedman-Roth Realty Sells Multifamily Buildings In Bronx For $4.05M

2115 Hughes Avenue & 2119 Hughes Avenue

See Similar Deals
MultiFamily44,000 SF
Sold 05/15/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$92
Total Square Footage:44,000 SF
Transaction Type:Sale

The asset involved in this transaction consists of two multifamily buildings located at 2115 Hughes Avenue and 2119 Hughes Avenue in the Bronx. The sale was completed for a total price of $4,050,000, comprising 54 units and covering a total square footage of 44,000. The price per unit stands at $75,000, while the price per square foot is $92.

Summary of transaction details:

Richard Guarino of Friedman Roth Realty Services has represented this property owner in the sale for the third time on an exclusive basis, facilitating the transaction in the Bronx market.

Players

Richard Guarino
Friedman-Roth Realty
Richard Guarino
51 deals$293.6M volume
BROKER

Details

SOLD
IMAGE: Richard Guarino DATE: 5/15/2025 ADDRESS: 2115 Hughes Avenue & 2119 Hughes Avenue MARKET: Bronx ASSET TYPE: Multifamily (2 Building) BROKER: Richard Guarino (@RichardThomas_NYC) - Friedman-Roth Realty (@FriedmanRoth) SALE PRICE: $4,050,000 UNITS: 54 ~ PPU: $75,000 SF: 44,000 ~ PPSF: $92 NOTE FROM BROKER: Richard Guarino of Friedman Roth Realty Services was hired for the third time by this property owner to handle the sale on an exclusive basis.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$14,388.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,199.07
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