Updated Dec 18, 2023
Atlas Realty Group Partners LLC Acquires Multifamily Property In Bronx For $4.7M
2454 Webb Avenue, The Bronx, New York 10468, United States
$4,675,000
$139/SF
Building Size
33,600 SF
Asset Type
MultiFamily
Closing
Mar 3, 2022
About this deal
AI
A multifamily property located at 2454 Webb Avenue in the Bronx was recently sold for $4,675,000. The property consists of 36 units, with a price per unit (PPU) of $129,861. The total square footage of the property is 33,600, with a price per square foot (PPSF) of $139.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,675,000
- Address: 2454 Webb Avenue
- Market: Bronx
- Units: 36
- PPU: $129,861
- SF: 33,600
- PPSF: $139
The sale of this multifamily property was facilitated by Yosef Katz, Erik Yankelovich, and Shlomo Antebi, who represent the Atlas Realty Group Partners LLC.
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
3.39%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93