Updated Oct 28, 2024
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.
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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