Galaxy General Contracting Corp. Acquires 8-Unit Multifamily In Riverdale For $1.765M
SOLD
$1,765,000
New York
See Similar DealsMultiFamily7,280 SF
Sold 08/05/2022
SOLD
Galaxy General Contracting Corp. Acquires 8-Unit Multifamily In Riverdale For $1.765M
515 West 236th Street
See Similar DealsMultiFamily7,280 SF
Sold 08/05/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$242
Total Square Footage:7,280 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$94,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,270.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,367.00
Annual Debt Service$100,404.01
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