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:
- Property Type: Multifamily (2 Building)
- Transaction Amount: $4,050,000
- Units: 54
- Square Footage: 44,000
- Price per Unit: $75,000
- Price per Square Foot: $92
- Broker: Richard Guarino - Friedman-Roth Realty
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.
Bronx 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
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93