facebook
Traded Co logo
Submit

Laura O’Shea Acquires Multifamily Property In Bedford Park, Bronx For $4.1M

Property Image
SOLD
$4,125,000
Ronald "Ron" Solarz
William (Billy) Cohen
+ 1

New York

See Similar Deals
MultiFamily55,203 SF
Sold 11/24/2020
the dealplayerscompscontact
Property Image
SOLD

Laura O’Shea Acquires Multifamily Property In Bedford Park, Bronx For $4.1M

2870 Marion Avenue, Bronx, NY 10458

See Similar Deals
MultiFamily55,203 SF
Sold 11/24/2020
Ronald "Ron" Solarz
William (Billy) Cohen
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$74
Total Square Footage:55,203 SF
Transaction Type:Sale

Located in Bedford Park, Bronx, the recently closed property transaction at 2870 Marion Avenue involved the sale of a multifamily asset. The property spans a total area of 55,203 square feet and is zoned as R7A. The transaction took place on November 24, 2020, with a purchase price of $4,125,000, resulting in a price per square foot of $74. The property falls under tax class 2.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,125,000
  • Address: 2870 Marion Avenue, Bedford Park, Bronx
  • Market: Bedford Park, Bronx
  • Zoning: R7A

The buyer in this transaction was Laura O’Shea, while the seller was William Schur. The deal was facilitated by brokers Jonny Yuran, Ron Solarz, and Billy Cohen of Newmark.

Players

Jonny Yuran
6 deals$67.9M volume
BROKER

Ronald "Ron" Solarz
Newmark
13 deals$206.2M volume
BROKER

William (Billy) Cohen
Newmark
8 deals$4.1M volume(212) 372-2233
BROKER

Details

SOLD
IMAGE: @JonnyYuran & @RonSolarz DATE: 11/24/2020 ADDRESS: 2870 Marion Avenue MARKET: Bedford Park, Bronx ASSET TYPE: Multifamily ~ ZONING: R7A BUYER: Laura O’Shea SELLER: William Schur BROKERS: @JonnyYuran, @RonSolarz & Billy Cohen @Newmark PRICE: $4,125,000 SF: 55,203 ~ PPSF: $74 TAX CLASS: 2

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)

$220,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,655.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,554.60
Annual Debt Service$234,655.25