ELH Management Acquires Property From Spencer Equity Group In Bronx For $107.5M
2363 Southern BLVD, Bronx, NY, 10460
$107,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 21, 2022
AI
The property involved in this transaction is located at 2363 Southern BLVD, Bronx, NY 10460. The transaction amount for this sale was $107,500,000.00, and it is situated in the Bronx market with a square footage of 0.
Summary of transaction details:
- Property Type: SALE
- Transaction Amount: $107,500,000.00
- Address: 2363 Southern BLVD, Bronx, NY, 10460
- Market: Bronx
- Seller: Spencer Equity Group
- Buyer: ELH Management
- Seller's Representatives: Jason Goldy-Meridian Capital Group, Daniel Mahfar-Ariel Property Advisors, Jason M. Gold-Ariel Property Advisors
Key individuals involved in this transaction include the seller, Spencer Equity Group, and the buyer, ELH Management. The deal was represented by multiple brokers, highlighting the collaborative effort in facilitating this transaction. Each representative played a role in negotiating the sale and managing the transition between the buyer and the seller.
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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93