Stagg Group Acquires Multifamily Property In New York City For $18M
SOLD
$18,000,000
+ 2
New York
See Similar DealsMultiFamily88,806 SF
Sold 05/17/2023
SOLD
Stagg Group Acquires Multifamily Property In New York City For $18M
435 W 238th St, Bronx, NY 10463, USA
See Similar DealsMultiFamily88,806 SF
Sold 05/17/2023
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$202
Total Square Footage:88,806 SF
Transaction Type:Sale
The multifamily property located at 435 West 238th Street in New York City has been sold for a total price of $18,000,000. This property consists of 95 units, with an average price per unit of $189,474. The total square footage of the property is 88,806, resulting in an average price per square foot of $203.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $18,000,000
- Units: 95
- Price Per Unit: $189,474
- Square Footage: 88,806
- Price Per Square Foot: $203
- Address: 435 West 238th Street, New York City
The buyer of the property is the Stagg Group, represented by Mark Stagg. The deal was facilitated by brokers Giancarlo Cugini, Karl Brumback, Robert Knakal, and Jonathan Hageman from JLL.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
Is there something missing? Send suggestions