Scott Kalb Sells Multifamily Asset At 317 Alexander Avenue Bronx For $2.28M With Marcus & Millichap
SOLD
$2,280,000
+ 1
New York
See Similar DealsMultiFamily9,340 SF
Sold 02/14/2025
SOLD
Scott Kalb Sells Multifamily Asset At 317 Alexander Avenue Bronx For $2.28M With Marcus & Millichap
317 Alexander Avenue
See Similar DealsMultiFamily9,340 SF
Sold 02/14/2025
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$244
Total Square Footage:9,340 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$121,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,100.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,808.36
Annual Debt Service$129,700.36
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