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2363 Southern BLVD, Bronx, ...

ELH Management Acquires Property From Spencer Equity Group In Bronx For $107.5M
SOLDMultiFamily

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:

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

Daniel Mahfar

Ariel Property Advisors

Broker

$753M

vol

42 deals

Broker
EM
ELH ManagementBuyer
SG
Spencer Equity GroupSeller

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