Joseph Schweid Acquires Multifamily Property In Bedford Park For $8.6M
SOLD
$8,600,000
New York
See Similar DealsMultiFamily48,750 SF
Sold 02/05/2019
SOLD
Joseph Schweid Acquires Multifamily Property In Bedford Park For $8.6M
215 East 197th Street, Bronx, NY 10458, USA
See Similar DealsMultiFamily48,750 SF
Sold 02/05/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$176
Total Square Footage:48,750 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$458,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,553.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,768.39
Annual Debt Service$489,220.65
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