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2115 Hughes Avenue

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

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

2115 Hughes Avenue & 2119 Hughes Avenue

$4,050,000

$92/SF

Building Size

44,000 SF

Asset Type

MultiFamily

Closing

May 14, 2025

AI

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

Broker

$305.7M

vol

52 deals

Broker

Bronx 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

3.92%

Cash-on-Cash

-1.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93