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2558 Grand Concourse, The B...

Brenda Geller Acquires Mixed-Use Property In Bronx For $9M
SOLDMultiFamily

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

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.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.3B

vol

205 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

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93