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:
- Property Type: Multifamily
- Transaction Amount: $6,300,000
- Address: 2865 Third Avenue
- Market: Bronx
- Square Footage: 20,512
- Price per Square Foot: $307
- Buyer: David Yeroshalmi
- Seller: Jenel Management
- Brokers: Ben Khakshoor, Reouven Elharar & Alex Fuchs - Rosewood Realty Group
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
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