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3182 Westchester Ave, The B...

Updated Oct 29, 2024

Alexandros Tsiros Acquires Bronx Multifamily Property For $1.15M
SOLDMultiFamily

Alexandros Tsiros Acquires Bronx Multifamily Property For $1.15M

3182 Westchester Ave, The Bronx, NY 10461, USA

$1,150,000

$24/SF

Building Size

47,250 SF

Asset Type

MultiFamily

Closing

Nov 20, 2018

About this deal

AI

The multifamily property located at 3182-3184 Westchester Avenue in Bronx has been sold for a sale price of $1,150,000. The property spans a total square footage of 4,725, resulting in a price per square foot of $243.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Square Footage: 4,725
  • Price per Square Foot: $243
  • Address: 3182-3184 Westchester Avenue
  • Market: Bronx

All American laundry service, represented by Michael Martin, was the seller in this transaction. The buyer of the property is Alexandros Tsiros.

Players

Michael Martin

Seller

$8.8M

vol

4 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $24 per square foot on a published $1.2M for 47,250 square feet (2018).

Visit Michael Martin to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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