facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

346 East 173rd Street, Bron...

Updated Dec 21, 2023

Yitzchok Weinberg Acquires Multifamily Property In Mount Eden, Bronx For $3.85M
SOLDMultiFamily

Yitzchok Weinberg Acquires Multifamily Property In Mount Eden, Bronx For $3.85M

346 East 173rd Street, Bronx, NY, USA

$3,850,000

$203/SF

Building Size

18,963 SF

Asset Type

MultiFamily

Closing

Mar 11, 2021

About this deal

AI

The multifamily property located at 346 East 173 Street in Mount Eden, Bronx was recently sold for a price of $3,850,000. The property has a building square footage of 45,481 and a price per square foot of $84. It spans across a lot size of 7,555 square feet with dimensions measuring 106.42 ft x 65.08 ft. The property falls under tax class 2 and has a floor area ratio (FAR) of 2.51. Previously, the property was sold for $2,000,000 on December 31, 2007.

Summary of transaction details:

  • Property Type: Multifamily ~ R8
  • Sale Price: $3,850,000
  • Building Square Footage: 45,481
  • Price per Square Foot: $84
  • Lot Size: 7,555 square feet
  • Tax Class: 2
  • Lot Dimensions: 106.42 ft x 65.08 ft

The buyer in this transaction was Yitzchok Weinberg, while the seller was Iris Fuchs. Notably, the property had previously undergone an alteration type 2 permit on May 16, 2014. No additional information regarding financing, brokers, or other individuals involved in the deal is available.

Players

Yitzchok Weinberg

Buyer

$16.5M

vol

3 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $203 per square foot on a published $3.9M for 18,963 square feet (2021).

Visit Yitzchok Weinberg to view all their deals.

Browse New York multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.12%

Cash-on-Cash

-1.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets