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4030 Bronx Boulevard

Ben Novic Acquires 53-Unit Multifamily In Wakefield, Bronx For $5.25M
SOLDMultiFamily

Ben Novic Acquires 53-Unit Multifamily In Wakefield, Bronx For $5.25M

4030 Bronx Boulevard

$5,250,000

$104/SF

Building Size

50,338 SF

Asset Type

MultiFamily

Closing

Oct 12, 2023

AI

A multifamily property located at 4030 Bronx Boulevard in Wakefield, Bronx has been sold. The property consists of 53 units and spans a total area of 50,338 square feet. The sale price for this transaction was $5,250,000, resulting in a price per unit of $99,057 and a price per square foot of $104.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,250,000
  • Units: 53
  • Price Per Unit: $99,057
  • Square Footage: 50,338
  • Price Per Square Foot: $104
  • Address: 4030 Bronx Boulevard
  • Market: Wakefield, Bronx

In this transaction, Ben Novic acted as the buyer, while Joey Yasgur served as the seller. The deal was facilitated by a team of brokers, including Zachary Fuchs from GFI Realty Services, and Aaron Jungreis, Alex Fuchs, and Ben Khakshoor from Rosewood Realty Group.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

207 deals

Broker

Bronx 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

3.02%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93