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2865 Third Avenue

David Yeroshalmi Purchases Bronx Multifamily Property From Jenel Management For $6.3 Million
SOLDMultiFamily

David Yeroshalmi Purchases Bronx Multifamily Property From Jenel Management For $6.3 Million

2865 Third Avenue

$6,300,000

$307/SF

Building Size

20,512 SF

Asset Type

MultiFamily

Closing

Sep 20, 2024

AI

The property asset involved in this transaction is a multifamily building located at 2865 Third Avenue in the Bronx. The sale price was $6,300,000, and the building encompasses a total area of 20,512 square feet, which represents a price per square foot of $307.

Summary of transaction details:

The transaction involved key individuals such as David Yeroshalmi as the buyer and Jenel Management as the seller. The brokers representing this transaction were Ben Khakshoor, Reouven Elharar, and Alex Fuchs from Rosewood Realty Group.

Players

Ben Khakshoor

Rosewood Realty Group

Broker

$1.9B

vol

135 deals

Broker

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

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93