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
New York 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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93