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255 East Kingsbridge Road, ...

The Schwartz Family Acquires Multifamily Property On East Kingsbridge Road In Fordham, Bronx
SOLDMultiFamily

The Schwartz Family Acquires Multifamily Property On East Kingsbridge Road In Fordham, Bronx

255 East Kingsbridge Road, Bronx, NY 10458

$2,100,000

$157/SF

Building Size

13,320 SF

Asset Type

MultiFamily

Closing

Dec 28, 2021

AI

The multifamily property located at 255 East Kingsbridge Road in Fordham, Bronx has been sold for a total of $2,100,000. The transaction took place on December 28, 2021, with the buyer being The Schwartz Family and the seller being The Power Family. The property consists of 11 units, with a price per unit of $190,909. The total square footage of the property is 13,320, resulting in a price per square foot of $157.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,100,000
  • Address: 255 East Kingsbridge Road
  • Market: Fordham, Bronx
  • Buyer: The Schwartz Family
  • Seller: The Power Family
  • Brokers: John Martisch & Ryan Perkoski - RPR Ventures
  • Units: 11
  • Price Per Unit: $190,909
  • Square Footage: 13,320
  • Price Per Square Foot: $157

The sale of this multifamily property was facilitated by John Martisch and Ryan Perkoski from RPR Ventures, who represented the buyer and seller in the deal.

Players

John Martisch

Broker

$70.5M

vol

14 deals

Broker

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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93