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422 East 161st Street

Lender REO Sale Of Multifamily Property At 422 East 161st Street In Bronx
SOLDMultiFamily

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:

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

Chaya Milworn

Northgate Real Estate Group

Broker

$515.7M

vol

35 deals

Broker
Northgate Real Estate Group
Northgate Real Estate GroupBrokerage

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

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93