facebook
Traded Co logo
Submit

Matthew Lerner Acquires Multifamily Property In Marble Hill For $3.35M

Property Image
SOLD
$3,350,000
Michael (Mike) Fusco
Peter Von Der Ahe
+ 1

New York

See Similar Deals
MultiFamily13,674 SF
Sold 01/30/2019
the dealplayerscompscontact
Property Image
SOLD

Matthew Lerner Acquires Multifamily Property In Marble Hill For $3.35M

26 Fort Charles Place, The Bronx, NY, USA

See Similar Deals
MultiFamily13,674 SF
Sold 01/30/2019
Michael (Mike) Fusco
Peter Von Der Ahe
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$245
Total Square Footage:13,674 SF
Transaction Type:Sale

26 Fort Charles Pl. in Marble Hill was recently sold for $3,350,000. The multifamily property has a total of 20 units and spans 13,674 square feet, resulting in a price per square foot of $245. The buyer, Matthew Lerner of Roughlock Management, acquired the property from seller Keith Eisenstark. The transaction was facilitated by brokers Peter Von Der Ahe, Seth Glasser, Mike Fusco, and Adam Radi of Marcus & Millichap.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,350,000
  • Size: 13,674 square feet
  • Price per Square Foot: $245
  • Address: 26 Fort Charles Pl., Marble Hill
  • Market: Marble Hill

Matthew Lerner of Roughlock Management purchased 26 Fort Charles Pl. for $3,350,000 from Keith Eisenstark. The transaction was facilitated by the team of brokers from Marcus & Millichap, including Peter Von Der Ahe, Seth Glasser, Mike Fusco, and Adam Radi. It is worth noting that this particular transaction involved 20 units, each priced at $167,500.

Players

Michael (Mike) Fusco
88 deals$576.1M volume(973) 865-6303
BROKER

Adam Radi
5 deals$25M volume(914) 246-8825
BROKER

Peter Von Der Ahe
Marcus & Millichap
110 deals$1.4B volume
BROKER

Seth Glasser
Marcus & Millichap
125 deals$1.1B volume
BROKER

Details

SOLD
IMAGE: Peter Von Der Ahe, Mike Fusco, Seth Glasser, Mike Fusco & Matthew Lerner DATE: 1/30/2019 ADDRESS: 26 Fort Charles Pl. MARKET: Marble Hill ASSET TYPE: Multifamily SELLER: Keith Eisenstark BUYER: Matthew Lerner – Roughlock Management BROKERS: Peter Von Der Ahe, Seth Glasser, Mike Fusco, Adam Radi @newyorkmultifamily - Marcus & Millichap PRICE: $3,350,000 SF: 13,674 ~ PPSF: $245 Units: 20 ~ PPU: $167,500

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$178,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,901.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,880.71
Annual Debt Service$190,568.51