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340 East 184th Street, Bron...

Updated Dec 19, 2023

Sally Collazo Acquires Multifamily Property In University Heights/Fordham For $11.5M
SOLDMultiFamily

Sally Collazo Acquires Multifamily Property In University Heights/Fordham For $11.5M

340 East 184th Street, Bronx, NY 10458, USA

$11,500,000

$199/SF

Building Size

57,774 SF

Asset Type

MultiFamily

Closing

Mar 25, 2019

About this deal

AI

The multifamily property located at 340 East 184th Street in the University Heights/Fordham neighborhood of Bronx, New York has been sold for a price of $11,500,000. The property spans a total area of 57,774 square feet and has a price per square foot of $199.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $11,500,000
  • Address: 340 East 184th Street, University Heights/Fordham, Bronx, New York
  • Market: University Heights/Fordham, Bronx
  • Square Footage: 57,774
  • Price per Square Foot: $199

The seller of the property was Steve Satz, and the buyer was Sally Collazo. The transaction was facilitated by Timour Shafran, who represented both parties as the broker.

On the Map

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$11,500,000

$199/SF

MultiFamily

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Players

Timour Shafran

Citicore

Broker

$41.2M

vol

8 deals

Broker

Sally Collazo

Buyer

$15.9M

vol

2 deals

Buyer

Steve Satz

Seller

$28.7M

vol

4 deals

Seller
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $199 per square foot on a published $11.5M for 57,774 square feet (2019).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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