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325 East 176th Street

Atlas Realty Group Sells Multifamily Property In Mt. Hope, Bronx For $5.3M
SOLDMultiFamily

Atlas Realty Group Sells Multifamily Property In Mt. Hope, Bronx For $5.3M

325 East 176th Street

$5,300,000

$98/SF

Building Size

53,800 SF

Asset Type

MultiFamily

Closing

Sep 12, 2023

AI

A multifamily property located at 325 East 176th Street in the Mt. Hope neighborhood in the Bronx has been sold. The property consists of 55 units with an average price per unit of $96,364. The total square footage of the property is 53,800, resulting in a price per square foot of $99. The sale of this property was handled by Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Nate Pilchick from Atlas Realty Group. The transaction took place on September 12, 2023, with a sale price of $5,300,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,300,000
  • Address: 325 East 176th Street
  • Market: Mt. Hope, Bronx
  • Units: 55
  • Price per Unit: $96,364
  • Square Footage: 53,800
  • Price per Square Foot: $99

Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Nate Pilchick from Atlas Realty Group represented the buyer and/or seller in this transaction.

Players

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

128 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

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93