SOLDMultiFamily
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
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.
Players
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