Scott Kalb Sells Multifamily Asset At 317 Alexander Avenue Bronx For $2.28M With Marcus & Millichap
317 Alexander Avenue
$2,280,000
$244/SF
Building Size
9,340 SF
Asset Type
MultiFamily
Closing
Feb 14, 2025
AI
The property asset sold is a multifamily building located at 317 Alexander Avenue in the Bronx. The transaction occurred on February 14, 2025, with a sale price of $2,280,000. The building comprises 10 units and has a total square footage of 9,340, resulting in a price per unit of $228,000 and a price per square foot of $244.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,280,000
- Units: 10
- Square Footage: 9,340
- Price Per Unit: $228,000
- Price Per Square Foot: $244
- Seller: Scott Kalb
- Broker Representatives: Seth Glasser, Michael Fusco, Benjamin Myerow, Daniel Greenblatt - Marcus & Millichap
The transaction involved broker representatives from Marcus & Millichap, specifically Seth Glasser, Michael Fusco, Benjamin Myerow, and Daniel Greenblatt, facilitating the sale on behalf of the seller, Scott Kalb. The brokers played a crucial role in the execution of this multifamily asset transaction within the Bronx market.
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
6.96%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93