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

Property Image
SOLD
$2,100,000

New York

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MultiFamily13,320 SF
Sold 12/28/2021
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Property Image
SOLD

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

255 East Kingsbridge Road, Bronx, NY 10458

See Similar Deals
MultiFamily13,320 SF
Sold 12/28/2021
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$157
Total Square Footage:13,320 SF
Transaction Type:Sale

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

14 deals$70.5M volume
BROKER

Ryan Perkoski
21 deals$156.7M volume(718) 906-7137
BROKER

Details

SOLD
IMAGE: John Martisch & Ryan Perkoski DATE: 12/28/2021 ADDRESS: 255 East Kingsbridge Road MARKET: Fordham, Bronx ASSET TYPE: Multifamily BUYER: The Schwartz Family SELLER: The Power Family BROKERS: John Martisch (@JohnnyDeals_RPR) & Ryan Perkoski (@RPRNYC) - RPR Ventures SALE PRICE: $2,100,000 UNITS: 11 ~ PPU: $190,909 SF: 13,320 ~ PPSF: $157

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
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