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
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