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364 E 194th St Bronx, Ny 10...

Moses Freund Acquires Multifamily Property On East 194th Street For $4.6M
SOLDMultiFamily

Moses Freund Acquires Multifamily Property On East 194th Street For $4.6M

364 E 194th St Bronx, Ny 10458, Usa

$4,575,000

$213/SF

Building Size

21,472 SF

Asset Type

MultiFamily

Closing

Sep 8, 2023

AI

A 27-unit multifamily apartment building located at 364-372 East 194th Street in the Fordham neighborhood of the Bronx has been sold for a total of $4,575,000. The property spans 21,472 square feet and has a price per square foot of $213. The buyer of the property is Moses Freund, while the seller of the property is Tony Singh.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,575,000
  • Units: 27
  • Price per Unit: $169,444
  • Square Footage: 21,472
  • Price per Square Foot: $213
  • Address: 364-372 East 194th Street
  • Market: Fordham, Bronx

The sale of the partially completed apartment building was successfully facilitated by Daniel O'Brien, William Diana, Jonathan Squires, and Joshua Neustadter from Cushman & Wakefield. For more information on this transaction or similar opportunities, interested parties can contact William Diana at 718-512-2622 or [email protected].

Players

Josh Neustadter

Cushman & Wakefield

Broker

$545.5M

vol

60 deals

Broker
Artemis Realty Advisors
Artemis Realty AdvisorsBrokerage

Moses Freund

Vaja Group

Buyer

$171.1M

vol

9 deals

Buyer

Street MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.47%

Cash-on-Cash

-0.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93