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2359 2367 Grand Concourse

Adam Goodstein Purchases Multifamily Property At 2359-2367 Grand Concourse For $3.8M
SOLDMultiFamily

Adam Goodstein Purchases Multifamily Property At 2359-2367 Grand Concourse For $3.8M

2359 2367 Grand Concourse

$3,800,000

$179/SF

Building Size

21,176 SF

Asset Type

MultiFamily

Closing

Sep 1, 2025

AI

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:

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.

Players

Michael Fusco

Marcus & Millichap

Broker

$584.2M

vol

90 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Bronx 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

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93