Rosewood Realty Group Brokers Sell Bronx Multifamily Property For $14.8M
SOLD
$14,800,000
+ 1
New York
See Similar DealsMultiFamily87,949 SF
Sold 11/11/2021
SOLD
Rosewood Realty Group Brokers Sell Bronx Multifamily Property For $14.8M
4755 White Plains Road, Bronx, NY, USA
See Similar DealsMultiFamily87,949 SF
Sold 11/11/2021
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$168
Total Square Footage:87,949 SF
Transaction Type:Sale
Located at 4755 White Plains Road in Bronx, this multifamily property has recently been sold for a price of $14,800,000. The transaction took place on 11/11/2021, with a sale price per square foot of $168. The property spans a total area of 87,949 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,800,000
- Address: 4755 White Plains Road, Bronx
- Market: Bronx
The seller of this property was Ron Rettner. Representing the deal was the team from Rosewood Realty Group consisting of Aaron Jungreis, Ben Khakshoor, and Alex Fuchs.
Additional details regarding the property include 83 apartments, 5 retail spaces, 11 parking spaces, 1 laundry room, and 1 antenna. The property's price per square foot was $168, with a Gross Rent Multiplier (GRM) of 9.7x and a Capitalization Rate (Cap Rate) of 5.9%. The property has been valued at a price per square foot of $168.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$789,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$52,581.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$70,159.55
Annual Debt Service$841,914.61
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