Updated Oct 28, 2024
Galaxy General Contracting Corp. Acquires 8-Unit Multifamily In Riverdale For $1.765M
515 West 236th Street
$1,765,000
$242/SF
Building Size
7,280 SF
Asset Type
MultiFamily
Closing
Aug 5, 2022
About this deal
AI
A multifamily property located at 515 W. 236th St. in the Riverdale market has been sold for a price of $1,765,000. The property consists of 8 units with an average price per unit of $220,625. It spans 7,280 square feet, resulting in a price per square foot of $242.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,765,000
- Units: 8
- Price Per Unit: $220,625
- Square Footage: 7,280
- Price Per Square Foot: $242
- Address: 515 W. 236th St.
- Market: Riverdale
The buyer of the property is Galaxy General Contracting Corp., represented by Steve Zervoudis. The seller is Hal Dorfman. The deal was facilitated by Brian Whelan and Alix Curtin of The Whelan Team at B6RealEstate.
On the Map
$1,765,000
$242/SF
MultiFamily
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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
8.99%
Cash-on-Cash
-2.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93