Updated Sep 9, 2024
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
About this deal
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.
On the Map
$5,000,000
$152/SF
MultiFamily
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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