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Marcus & Millichap And ZP Realty Capital Sell North Bronx Multifamily For $7.9M

Property Image
SOLD
$7,900,000
Benny Katz
Seth Glasser
+ 2

New York

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MultiFamily75,000 SF
Sold 09/26/2022
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Property Image
SOLD

Marcus & Millichap And ZP Realty Capital Sell North Bronx Multifamily For $7.9M

2476 Webb Avenue

See Similar Deals
MultiFamily75,000 SF
Sold 09/26/2022
Benny Katz
Seth Glasser
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$105
Total Square Footage:75,000 SF
Transaction Type:Sale

A multifamily property located at 2476 Webb Avenue & 2485 Devoe Terrace in the North Bronx, Bronx, was recently sold for a price of $7,900,000. The property consists of 67 units, with a per unit price of approximately $117,910. The total square footage of the property is 75,000, resulting in a price per square foot of $105.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $7,900,000
  • Units: 67
  • Price Per Unit: $117,910
  • Square Footage: 75,000
  • Price Per Square Foot: $105
  • Address: 2476 Webb Avenue & 2485 Devoe Terrace, North Bronx, Bronx

The sale of this multifamily property was facilitated by Seth Glasser, Mike Fusco, Benny Katz, and Joe Koicim from Marcus & Millichap, along with Israel Lieberman from ZP Realty Capital.

Players

2 deals$7.9M volume(718) 339-0500
BROKER


Seth Glasser
Marcus & Millichap
125 deals$1.1B volume
BROKER

Joseph (Joe) Koicim
Marcus & Millichap
172 deals$2.7B volume(212) 430-5147
BROKER

Benny Katz
Marcus & Millichap
34 deals$232.9M volume
BROKER

Details

SOLD
IMAGE: Benny Katz, Seth Glasser, Joe Koicim, Mike Fusco & Israel Lieberman DATE: 09/26/2022 ADDRESS: 2476 Webb Avenue & 2485 Devoe Terrace MARKET: North Bronx, Bronx ASSET TYPE: Multifamily BROKERS: Seth Glasser (@SethGlasser1), Mike Fusco (@Mike_Fusco_NYM), Benny Katz (@Bbbennis_2K) & Joe Koicim (@Joey1CAP) - Marcus & Millichap (@MarcusMillichap_NY), Israel Lieberman - ZP Realty Capital SALE PRICE: $7,900,000 UNITS: 67 ~ PPU: $117,910 SF: 75,000 ~ PPSF: $105

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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