Updated Dec 21, 2023
Asher Shafran Sells 103-Unit Multifamily Property In Bronx For $17.1M
480 East 185th Street, The Bronx, New York 10458, United States
$17,100,000
$907/SF
Building Size
18,853 SF
Asset Type
MultiFamily
Closing
Aug 22, 2022
About this deal
AI
The multifamily property located at 480 E. 185th St. in the Bronx has been sold in a recent transaction. The sale took place on August 23, 2022, and the property was purchased for a total price of $17,100,000. The property consists of 103 units, resulting in a price per unit of $166,019. The total square footage of the property is 18,853, with a price per square foot of $907.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,100,000
- Units: 103
- Price per Unit: $166,019
- Square Footage: 18,853
- Price per Square Foot: $907
Asher Shafran acted as the seller in this transaction.
Players
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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93