Updated Dec 21, 2023
Seth Glasser & Mike Fusco Acquires Multifamily Property In South Bronx For $1.45M
308 East 151st Street, The Bronx, New York 10451, United States
$1,453,000
$194/SF
Building Size
7,456 SF
Asset Type
MultiFamily
Closing
Jan 24, 2022
About this deal
AI
A multifamily property located at 308 East 151st Street in the South Bronx has been sold. The transaction took place on January 25, 2022, with a sale price of $1,453,000. The property spans 7,456 square feet, resulting in a price per square foot of $194. It consists of 9 units, making the price per unit $161,444.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,453,000
- Address: 308 East 151st Street
- Market: South Bronx
- Square Footage: 7,456
- Price per Square Foot: $194
- Number of Units: 9
- Price per Unit: $161,444
The sale of this multifamily property was facilitated by Seth Glasser and Mike Fusco, representing Marcus & Millichap brokerage.
Players
New York 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
10.92%
Cash-on-Cash
-3.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93