Updated Dec 21, 2023
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
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
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93