Tariq Mahmood Buys Multifamily Property At 212 East 182nd Street Bronx For $3.35M
212 East 182nd Street
$3,350,000
$93/SF
Building Size
36,000 SF
Asset Type
MultiFamily
Closing
Feb 26, 2025
AI
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.
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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93