Updated Oct 29, 2024
Asco Properties Acquires 80000 SF Multifamily In Bronx For $20M
231 W 230th St, Bronx, NY, 10463
$20,000,000
$250/SF
Building Size
80,000 SF
Asset Type
MultiFamily
Closing
Jun 2, 2017
About this deal
AI
The property at 231 W 230th St, Bronx, NY, 10463, in New York City, is a MultiFamily asset with a total of 80,000 square feet. Asco Properties acquired the property from Jo-Lyn Management Corp for $20,000,000.00 on 06/02/2017.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $20,000,000.00
- Buyer: Asco Properties
- Buyer's Representative: Seth Glasser (Marcus & Millichap)
- Seller: Jo-Lyn Management Corp
Seth Glasser from Marcus & Millichap represented Asco Properties in this transaction.
The multifamily sale at 231 W 230th St, Bronx, NY, 10463 in Bronx, New York sold for $20M in 2017. The building is 80,000 square feet, implying about 250 per square foot on the published price. Seth Glasser, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Bronx, New York file for the 231 W 230th St, Bronx, NY, 10463 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Bronx sit in the Market section below. Filter that Bronx multifamily set by closing date to see what else sold near 231 W 230th St, Bronx, NY, 10463 around 2017. Published consideration for 231 W 230th St, Bronx, NY, 10463 is $20M, dated 2017. Cite this Asco Properties Acquires 80000 SF Multifamily In Bronx For $20M sale when underwriting similar multifamily product around Bronx, New York.
On the Map
$20,000,000
$250/SF
MultiFamily
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Bronx 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93