Updated Sep 5, 2024
Brenda Geller Acquires Mixed-Use Property In Bronx For $9M
2558 Grand Concourse, The Bronx, New York 10458, United States
$9,000,000
$256/SF
Building Size
35,100 SF
Asset Type
MultiFamily
Closing
Mar 1, 2022
About this deal
AI
2558 Grand Concourse, located in the Bronx, was recently sold in a mixed-use transaction. The property spans 35,100 square feet and was sold for a total price of $9,000,000, resulting in a price per square foot of $256.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $9,000,000
- Address: 2558 Grand Concourse
- Market: Bronx
The buyer of the property is Brenda Geller, while the seller is Adam Roman. The deal was facilitated by Aaron Jungreis and Ben Khakshoor, brokers from the Rosewood Realty Group. Additionally, Mark Brachfeld and Akiva Rosenberg of the Meridian Capital Group served as loan brokers in the transaction.
On the Map
$9,000,000
$256/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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93