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Tariq Mahmood Buys Multifamily Property At 212 East 182nd Street Bronx For $3.35M

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SOLD
$3,350,000

New York

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MultiFamily36,000 SF
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SOLD

Tariq Mahmood Buys Multifamily Property At 212 East 182nd Street Bronx For $3.35M

212 East 182nd Street

See Similar Deals
MultiFamily36,000 SF
Sold
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$93
Total Square Footage:36,000 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 212 East 182nd Street in the Bronx. The sale price was $3,350,000 for a total of 36,000 square feet, resulting in a price per square foot of $93. The building contains 42 residential units, translating to a price per unit of $79,761.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,350,000
  • Units: 42
  • Square Footage: 36,000
  • Price Per Square Foot: $93
  • Price Per Unit: $79,761
  • Address: 212 East 182nd Street
  • Market: Bronx
  • Buyer: Tariq Mahmood
  • Seller: Stuart Oppenheimer
  • Broker: Zachary Fuchs - GFI Realty Services

The key individuals involved in this transaction include Tariq Mahmood, who acted as the buyer, and Stuart Oppenheimer, the seller of the property. The brokerage firm GFI Realty Services was represented by broker Zachary Fuchs, facilitating the transaction between the buyer and seller.

Players

Zachary Fuchs
62 deals$322.8M volume
BROKER

Details

SOLD
IMAGE: Zachary Fuchs & Michael Weiser DATE: 02/26/2025 ADDRESS: 212 East 182nd Street MARKET: Bronx ASSET TYPE: Multifamily BUYER: Tariq Mahmood SELLER: Stuart Oppenheimer BROKER: Zachary Fuchs (@ZacharyDFuchs) - GFI Realty Services (@GFIRealty) SALE PRICE: $3,350,000 UNITS: 42 ~ PPU: $79,761 SF: 36,000 ~ PPSF: $93

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,901.84
Cash-on-Cash Return-1.27%
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