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
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