Updated Dec 18, 2023
Marcus & Millichap Brokers Sell Bronx Multifamily Asset For $6.2M
367 East 201st Street, The Bronx, New York 10458, United States
$6,200,000
$193/SF
Building Size
31,974 SF
Asset Type
MultiFamily
Closing
Feb 23, 2022
About this deal
AI
A multifamily property located at 367 East 201st Street in the Bronx has recently been sold for $6,200,000. This property consists of 39 units, with an average price per unit of $158,974. The total square footage of the property is 32,000, resulting in a price per square foot of $193.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,200,000
- Address: 367 East 201st Street
- Market: Bronx
- Units: 39
- Price Per Unit: $158,974
- Total Square Footage: 32,000
- Price Per Square Foot: $193
The sale of this multifamily property was facilitated by Seth Glasser, Mike Fusco, Benny Katz, and Matt Fotis from Marcus & Millichap.
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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93