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Alpha Realty Brokers Lev Mavashev, Yehuda Leser & Solomon Davydov Facilitate $5M Multifamily Sale In Bronx

Property Image
SOLD
$5,000,000
Yehuda Leser
Lev Mavashev
+ 1

New York

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MultiFamily32,857 SF
Sold 05/06/2022
the dealplayerscompscontact
Property Image
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 Deals
MultiFamily32,857 SF
Sold 05/06/2022
Yehuda Leser
Lev Mavashev
+ 1
Contact now

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

Lev Mavashev
105 deals$704M volume(212) 658-0955
BROKER

Yehuda Leser
Alpha Realty
18 deals$100.3M volume
BROKER

Solomon Davydov
Exit Realty First Choice
10 deals$44.9M volume(917) 733-2034
BROKER

Solomon Davydov
Exit Realty First Choice
10 deals$44.9M volume(917) 733-2034
BROKER

Exit Realty First Choice
BROKERAGE

Details

SOLD
IMAGE: Lev Mavashev, Yehuda Leser & Solomon Davydov DATE: 05/06/2022 ADDRESS: 2160 Newbold Ave. MARKET: Bronx ASSET TYPE: Multifamily SELLER: The Hofer Family BROKERS: Lev Mavashev (@Lev_Mavashev), Yehuda Leser (@YLeserNYCRealEstate) & Solomon Davydov (@SolomonExit) - Alpha Realty (@Alpha_Realty_NY) SALE PRICE: $5,000,000 SF: 32,899 ~ PPSF: $151

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Deal Type
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