Lender REO Sale Of Multifamily Property At 422 East 161st Street In Bronx
422 East 161st Street
Building Size
10,425 SF
Asset Type
MultiFamily
Closing
Jul 24, 2025
AI
The property asset involved in the transaction is a multifamily unit located at 422 East 161st Street in the Bronx. The total square footage of the asset is 10,425, and it is categorized under the multifamily asset type.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Lender REO Sale
- Address: 422 East 161st Street
- Market: Bronx
- Square Footage: 10,425
- Brokers: Greg Corbin, Chaya Milworn & Felix Ades - Northgate Real Estate Group
Key individuals involved in the transaction include Greg Corbin, Chaya Milworn, and Felix Ades, who represented the property during the sale process under Northgate Real Estate Group. The sale was categorized as a lender REO transaction.
Players
Bronx 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93