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213 West 3rd Street

Miles Bronstein & Brett Rosenthal Sell Multifamily Property In North Bronx For $2.3M With Reps Seth Glasser, Mike Fusco & Benny Katz
SOLDMultiFamily

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

$2,325,000

$155/SF

Building Size

15,000 SF

Asset Type

MultiFamily

Closing

Jun 29, 2022

AI

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.

Players

Michael Fusco

Marcus & Millichap

Broker

$576.1M

vol

88 deals

Broker
Miles Bronstein

Miles Bronstein

Seller

$12.4M

vol

6 deals

Seller

City of Mount Vernon 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

6.82%

Cash-on-Cash

-1.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93