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
$5,000,000
$152/SF
Building Size
32,857 SF
Asset Type
MultiFamily
Closing
May 5, 2022
AI
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
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93