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212 East 182nd Street

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

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.

Players

Zachary Fuchs

GFI Realty Services

Broker

$325.2M

vol

63 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

4.74%

Cash-on-Cash

-1.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93