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317 Alexander Avenue

Scott Kalb Sells Multifamily Asset At 317 Alexander Avenue Bronx For $2.28M With Marcus & Millichap
SOLDMultiFamily

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:

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

Michael Fusco

Marcus & Millichap

Broker

$576.1M

vol

88 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

6.96%

Cash-on-Cash

-1.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93