Matthew Lerner Acquires Multifamily Property In Marble Hill For $3.35M
26 Fort Charles Place, The Bronx, NY, USA
$3,350,000
$245/SF
Building Size
13,674 SF
Asset Type
MultiFamily
Closing
Jan 29, 2019
AI
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
Bronx 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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93