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2435 Frisby Avenue

Updated Dec 21, 2023

Marcus & Millichap, Friedman Roth, And New York Multifamily Facilitate $6.4M Multifamily Sale In Westchester Square, Bronx
SOLDMultiFamily

Marcus & Millichap, Friedman Roth, And New York Multifamily Facilitate $6.4M Multifamily Sale In Westchester Square, Bronx

2435 Frisby Avenue

$6,400,000

$154/SF

Building Size

41,400 SF

Asset Type

MultiFamily

Closing

Sep 27, 2022

About this deal

AI

The multifamily property located at 2435 Frisby Ave. in Westchester Square, Bronx was recently sold for a total price of $6,400,000. The property consists of 43 units, with an average price per unit of $148,837. The total square footage of the property is 41,400, with a price per square foot of $154.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,400,000
  • Units: 43
  • Price Per Unit: $148,837
  • Square Footage: 41,400
  • Price Per Square Foot: $154

The sale of this property was facilitated by a team of brokers including Seth Glasser, Mike Fusco, Benny Katz, and Joe Koicim from Marcus & Millichap, as well as Rich Guarino from Friedman Roth. The seller was represented by Rich Guarino, while the buyer was brought by New York Multifamily.

Players

Michael Fusco

Marcus & Millichap

Broker

$592.8M

vol

92 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $154 per square foot on a published $6.4M for 41,400 square feet (2022).

Visit Joe Koicim to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.48%

Cash-on-Cash

-0.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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