Miles Bronstein & Brett Rosenthal Sell Multifamily Property In North Bronx For $2.3M With Reps Seth Glasser, Mike Fusco & Benny Katz
SOLD
$2,325,000
+ 2
New York
See Similar DealsMultiFamily15,000 SF
Sold 06/29/2022
SOLD
Miles Bronstein & Brett Rosenthal Sell Multifamily Property In North Bronx For $2.3M With Reps Seth Glasser, Mike Fusco & Benny Katz
213 West 3rd Street
See Similar DealsMultiFamily15,000 SF
Sold 06/29/2022
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$155
Total Square Footage:15,000 SF
Transaction Type:Sale
A multifamily property located at 213-215 West 3rd St in the North Bronx has been sold for a total price of $2,325,000. The property consists of 11 units, with a price per unit of $211,363. It spans over 15,000 square feet, making the price per square foot $155.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,325,000
- Units: 11
- Price Per Unit: $211,363
- Square Footage: 15,000
- Price Per Square Foot: $155
The sale of this property was facilitated by brokers Seth Glasser, Mike Fusco, and Benny Katz. Miles Bronstein and Brett Rosenthal were the sellers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$124,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,260.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,021.69
Annual Debt Service$132,260.23
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