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:
- 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.
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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93