Updated Dec 20, 2023
Atlas Realty Group Partners LLC Acquires Multifamily Property On Grand Concourse In Bronx For $5.5M
2295 Grand Concourse, The Bronx, New York 10453, United States
$5,500,000
$184/SF
Building Size
29,800 SF
Asset Type
MultiFamily
Closing
Jan 18, 2022
About this deal
AI
Located in the Bronx, the multifamily property at 2295 Grand Concourse recently changed ownership in a closed transaction. The deal was facilitated by Shlomo Antebi, Yosef Katz, and Erik Yankelovich of Atlas Realty Group Partners LLC. The property consists of 31 units with a total square footage of 29,805. The sale price for this transaction was $5,500,000, resulting in a per unit price of $177,419 and a price per square foot of $184.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,500,000
- Units: 31
- Price per Unit: $177,419
- Square Footage: 29,805
- Price per Square Foot: $184
- Market: Bronx
The successful completion of this deal was made possible by the efforts of Shlomo Antebi, Yosef Katz, and Erik Yankelovich of Atlas Realty Group Partners LLC as the brokers representing the parties involved. Their expertise and negotiation skills were crucial in ensuring a smooth transaction for all parties.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93