facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

215 East 197th Street, Bron...

Joseph Schweid Acquires Multifamily Property In Bedford Park For $8.6M
SOLDMultiFamily

Joseph Schweid Acquires Multifamily Property In Bedford Park For $8.6M

215 East 197th Street, Bronx, NY 10458, USA

$8,600,000

$176/SF

Building Size

48,750 SF

Asset Type

MultiFamily

Closing

Feb 4, 2019

AI

Located at 215 E. 197th St. in Bedford Park, this multifamily property was recently sold in a closed transaction. The property spans across 48,750 square feet, with a sale price of $8.6 million, resulting in a price per square foot of $176.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $8.6M
  • Address: 215 E. 197th St.
  • Market: Bedford Park

The seller of this property was Michael Lipman, while the buyer was Joseph Schweid. The deal was facilitated by Amit Doshi, Shallini Mehra, and Jonathan Shainberg from Meridian Capital Group and Team Doshi.

Players

Jonathan Shainberg

Meridian Capital Group

Broker

$103.5M

vol

8 deals

Broker

New York 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

1.84%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93