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336 East 166th Street, The ...

Klosed Properties Acquires Multifamily Property In Bronx For $1.75M
SOLDMultiFamily

Klosed Properties Acquires Multifamily Property In Bronx For $1.75M

336 East 166th Street, The Bronx, New York 10456, United States

$1,750,000

$132/SF

Building Size

13,235 SF

Asset Type

MultiFamily

Closing

Dec 16, 2021

AI

A multifamily property located at 336 East 166th St. in Bronx, New York, was recently sold for a price of $1,750,000. The property spans approximately 13,235 square feet, resulting in a price per square foot of $132. It consists of 15 units, with an average price per unit of $116,666. The transaction took place on December 16, 2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,750,000
  • Address: 336 East 166th St., Bronx, NY
  • Market: Bronx
  • Asset Type: Multifamily
  • Zoning: R7-1

The buyer of the property was Klosed Properties, represented by Steven Kachanian and Shawn Aziz. They can be contacted at [email protected] or 516-858-4908. The seller in this transaction was Steven Makowsky.

Players

Steven Kachanian

Klosed Properties

Buyer

$91.9M

vol

37 deals

Buyer

Steven Makowsky

Seller

$6.1M

vol

2 deals

Seller

New York 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

9.06%

Cash-on-Cash

-2.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93