Updated Dec 21, 2023
Rosewood Realty Group Brokers Sell Bronx Multifamily Property For $14.8M
4755 White Plains Road, Bronx, NY, USA
$14,800,000
$168/SF
Building Size
87,949 SF
Asset Type
MultiFamily
Closing
Nov 10, 2021
About this deal
AI
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.
On the Map
$14,800,000
$168/SF
MultiFamily
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New York 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
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93