Updated Sep 9, 2024
Marcus & Millichap Brokers Sale Of Multifamily Property In New York City For $4.7M
405 E 204th StBronx, NY 10467, USA
$4,700,000
$158/SF
Building Size
29,580 SF
Asset Type
MultiFamily
Closing
Jun 7, 2023
About this deal
AI
A multifamily property located at 405-409 East 204th Street in New York City has recently been sold. The property consists of 31 units, with an average price per unit of $151,613. The total square footage of the property is 29,580, resulting in a price per square foot of $159. The sale price for this transaction was $4,700,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,700,000
- Units: 31
- Price Per Unit: $151,613
- Square Footage: 29,580
- Price Per Square Foot: $159
Seth Glasser, Michael Fusco, and Benny Katz of Marcus & Millichap served as the brokers for this transaction.
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93