Yechiel Weinberger & Eric Miller Acquire North Bronx Multifamily Portfolio For $23M
2206 Holland Avenue, The Bronx, New York 10467, United States
$23,000,000
$384/SF
Building Size
59,796 SF
Asset Type
MultiFamily
Closing
Aug 18, 2022
AI
The 3-building portfolio located at 2206 Holland Avenue, 730 East 236th Street, and 2260 Bronx Park East in the North Bronx, Bronx, has been sold for a total of $23,000,000. The multifamily properties offer a combined total of 180 units, with an average price per unit of $127,777. The total square footage of the portfolio is 174,164, with an average price per square foot of $132.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $23,000,000
- Address: 2206 Holland Avenue, 730 East 236th Street & 2260 Bronx Park East
- Market: North Bronx, Bronx
- Units: 180
- Price per Unit: $127,777
- Total Square Footage: 174,164
- Price per Square Foot: $132
The buyers of the portfolio are Yechiel Weinberger and Eric Miller. The deal was facilitated by Seth Glasser, Mike Fusco, and Benny Katz from Marcus & Millichap.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93