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3317 Parkside Place, The Br...

Updated Oct 28, 2024

Chaim Schwartz Acquires Norwood Multifamily For $6.5M From Seller Atlantis Development
SOLDMultiFamily

Chaim Schwartz Acquires Norwood Multifamily For $6.5M From Seller Atlantis Development

3317 Parkside Place, The Bronx, New York 10467, United States

$6,500,000

$528/SF

Building Size

12,300 SF

Asset Type

MultiFamily

Closing

Mar 30, 2022

About this deal

AI

The multifamily property located at 3317 Parkside Place in Norwood has been sold. The transaction took place on March 31, 2022. The property spans a total of 12,300 square feet and was sold for a price of $6,500,000, resulting in a price per square foot of $528.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,500,000
  • Address: 3317 Parkside Place, Norwood
  • Market: Norwood

The buyer of the property was Chaim Schwartz, represented by their broker Atlantis Development.

The multifamily sale at 3317 Parkside Place, The Bronx, New York 10467, United States in New York, New York sold for $6.5M in 2022. The building is 12,300 square feet, implying about 528 per square foot on the published price. This page is the New York, New York file for the 3317 Parkside Place, The Bronx, New York 10467, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 3317 Parkside Place, The Bronx, New York 10467, United States around 2022. Published consideration for 3317 Parkside Place, The Bronx, New York 10467, United States is $6.5M, dated 2022. Cite this Chaim Schwartz Acquires Norwood Multifamily For $6.5M From Seller Atlantis Development sale when underwriting similar multifamily product around New York, New York.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $528 per square foot on a published $6.5M for 12,300 square feet (2022).

Browse New York multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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