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2516 Webb Avenue

Barry Wagschal & Abe Garbo Of GW Equities Acquires Multifamily Property In University Heights, Bronx For $1M
SOLDMultiFamily

Barry Wagschal & Abe Garbo Of GW Equities Acquires Multifamily Property In University Heights, Bronx For $1M

2516 Webb Avenue

$1,000,000

$222/SF

Building Size

4,500 SF

Asset Type

MultiFamily

Closing

Jan 17, 2024

AI

Located in University Heights, Bronx, the multifamily property at 2516 Webb Avenue has been sold in a closed transaction. The property consists of 3 units, offering a total of 4,500 square feet of space. The sale price for this transaction was $1,000,000, resulting in a price per unit of $333,333. The price per square foot was $222.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Address: 2516 Webb Avenue
  • Market: University Heights, Bronx
  • Buyer: Barry Wagschal & Abe Garbo - GW Equities
  • Seller: Sinay Bustamante
  • Units: 3
  • Price per Unit: $333,333
  • Square Footage: 4,500
  • Price per Square Foot: $222

In this deal, Barry Wagschal and Abe Garbo represented GW Equities as the buyer. On the other hand, Sinay Bustamante acted as the seller. The transaction closed successfully, marking another successful deal in the University Heights area.

Players

Barry Wagschal

GW Equities

Buyer

$28M

vol

7 deals

Buyer

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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93