Adam Goodstein Purchases Multifamily Property At 2359-2367 Grand Concourse For $3.8M
SOLD
$3,800,000
New York
See Similar DealsMultiFamily21,176 SF
Sold
SOLD
Adam Goodstein Purchases Multifamily Property At 2359-2367 Grand Concourse For $3.8M
2359 2367 Grand Concourse
See Similar DealsMultiFamily21,176 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$179
Total Square Footage:21176 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily building located at 2359-2367 Grand Concourse in the Bronx. The sale price for the property was $3,800,000, consisting of 27 units. The total square footage of the asset is 21,176, resulting in a price per unit of $140,740 and a price per square foot of $179.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Units: 27
- SF: 21,176
- PPU: $140,740
- PPSF: $179
- Buyer: Adam Goodstein
- Seller: Alexis Baez
- Broker Representatives: Seth Glasser, Michael Fusco & Christopher Mehran - Marcus & Millichap
This transaction involved broker representatives Seth Glasser, Michael Fusco, and Christopher Mehran who facilitated the deal for both the buyer and the seller. The sale was completed on September 2, 2025, showcasing the roles of these individuals in navigating the real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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