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515 West 236th Street

Galaxy General Contracting Corp. Acquires 8-Unit Multifamily In Riverdale For $1.765M
SOLDMultiFamily

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

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.

Players

Brian Whelan

Ripco

Broker

$137.6M

vol

31 deals

Broker

Steve Zervoudis

Buyer

$16.2M

vol

4 deals

Buyer

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