Updated Dec 21, 2023
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
New York 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93