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2132 Mapes Ave Bronx, NY 10...

Updated Dec 4, 2023

Andrew Lichtenstein - LichtensteinRE Sells Multifamily Property In New York City For $6.5M
SOLDMultiFamily

Andrew Lichtenstein - LichtensteinRE Sells Multifamily Property In New York City For $6.5M

2132 Mapes Ave Bronx, NY 10460, USA

$6,500,000

$392/SF

Building Size

16,544 SF

Asset Type

MultiFamily

Closing

Jul 28, 2023

About this deal

AI

The multifamily property located at 2132 Mapes Avenue & 885 Cauldwell Avenue in New York City has been sold for $6,500,000. The property consists of 21 units, with an average price per unit of $309,524. The total square footage of the property is 16,544, resulting in a price per square foot of $393. The sale was brokered by Andrew Lichtenstein of LichtensteinRE.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,500,000
  • Units: 21
  • Price per Unit: $309,524
  • Total Square Footage: 16,544
  • Price per Square Foot: $393
  • Broker: Andrew Lichtenstein

Andrew Lichtenstein, representing LichtensteinRE, played a key role in facilitating the sale of the multifamily property at 2132 Mapes Avenue & 885 Cauldwell Avenue. With extensive experience in the real estate industry, Lichtenstein was able to negotiate a successful deal for all parties involved. This transaction highlights his expertise in the New York City market and his ability to secure a favorable price for the property.

Players

Andrew Lichtenstein

Broker

$23.4M

vol

3 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $392 per square foot on a published $6.5M for 16,544 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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