Updated Mar 24, 2026
Multifamily Property At 429 East 156th Street Sold For $8.82M In Bronx
429 East 156th Street
$8,824,887
$104/SF
Building Size
84,552 SF
Asset Type
MultiFamily
Closing
Mar 4, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located at 429 East 156th Street in the Bronx. The sale price for the property was $8,824,887, which includes a total of 64 units. The property encompasses a total square footage of 84,552, resulting in a price per unit of $137,888 and a price per square foot of $104.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,824,887
- Units: 64
- Square Footage: 84,552
- Price per Unit: $137,888
- Price per Square Foot: $104
The brokers involved in this transaction were Victor Sozio, Jason M. Gold, Gabriel Elyaszadeh, and Remi Mandell from Ariel Property Advisors, representing the seller in this deal.
On the Map
$8,824,887
$104/SF
MultiFamily
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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
1.80%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93