Updated Oct 28, 2024
Leo Hershkowitz Acquires Melrose Multifamily For $2.8M
368 East 155th Street, The Bronx, New York 10455, United States
$2,800,000
$316/SF
Building Size
8,845 SF
Asset Type
MultiFamily
Closing
Jun 22, 2022
About this deal
AI
Located in the Melrose market, the multifamily property at 368 East 155th Street has recently been sold for a total price of $2,800,000. The sale, which took place on 06/23/2022, involved a total of 16 units, resulting in a price per unit of $175,000. The property spans 8,845 square feet, equating to a price per square foot of $310.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,800,000
- Sale Date: 06/23/2022
- Address: 368 East 155th Street
- Market: Melrose
- Units: 16
- Price per Unit: $175,000
- Square Footage: 8,845
- Price per Square Foot: $310
The buyer in this transaction was Leo Hershkowitz, while the seller was Rockaway Capital Partners. Representing the deal as the broker was Steven Vegh.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93