Updated Oct 28, 2024
Yechiel Weinberger Acquires Fordham Multifamily For $14.2M
2518 Webb Avenue, The Bronx, New York 10468, United States
$14,200,000
$182/SF
Building Size
77,975 SF
Asset Type
MultiFamily
Closing
Apr 12, 2022
About this deal
AI
The multifamily property located at 2518 Webb Ave. & 2807 Claflin Avenue in the Fordham and Kingsbridge Heights neighborhoods was recently sold in a closed transaction. The property spans a total of 126,000 square feet and consists of 114 units. The sale price for this transaction was $14,200,000, resulting in a price per unit of $124,561 and a price per square foot of $112.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,200,000
- Address: 2518 Webb Ave. & 2807 Claflin Avenue
- Market: Fordham, Kingsbridge Heights
The buyer of the property was Yechiel Weinberger, while the seller was The Estate of Vito Manginelli. The transaction was facilitated by Marco Lala, David Raciti, Jack Lala & Michelle Lala from Team Lala, who represented the buyer and seller in the deal. RM Friedland served as the broker for the transaction.
On the Map
$14,200,000
$182/SF
MultiFamily
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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
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93