Alpha Realty Brokers Lev Mavashev, Yehuda Leser & Solomon Davydov Facilitate $5M Multifamily Sale In Bronx
SOLD
New York
See Similar DealsMultiFamily32,857 SF
Sold 05/06/2022
SOLD
Alpha Realty Brokers Lev Mavashev, Yehuda Leser & Solomon Davydov Facilitate $5M Multifamily Sale In Bronx
2160 Newbold Avenue, The Bronx, New York 10462, United States
See Similar DealsMultiFamily32,857 SF
Sold 05/06/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$152
Total Square Footage:32,857 SF
Transaction Type:Sale
The multifamily property located at 2160 Newbold Ave. in the Bronx has been sold for $5,000,000. The property spans a total area of 32,899 square feet, resulting in a price per square foot of $151. This transaction took place on May 6, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Address: 2160 Newbold Ave.
- Market: Bronx
- Size: 32,899 SF
- Price per Square Foot: $151
The sellers of this property were The Hofer Family. The deal was facilitated by Lev Mavashev, Yehuda Leser, and Solomon Davydov from Alpha Realty.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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