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Shiba Babar Purchases MultiFamily Property At 517 East 233rd Street From Michael Cockburn For $999950

Property Image
SOLD
$999,950
Jared Friedman
David Roman

New York

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MultiFamily3,000 SF
Sold
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Property Image
SOLD

Shiba Babar Purchases MultiFamily Property At 517 East 233rd Street From Michael Cockburn For $999950

517 East 233rd Street

See Similar Deals
MultiFamily3,000 SF
Sold
Jared Friedman
David Roman
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$333
Total Square Footage:3,000 SF
Transaction Type:Sale

This multi-family property located at 517 East 233rd Street in Woodlawn, Bronx, has been sold for a price of $999,950. The total square footage of the asset is 3,000, resulting in a price per square foot of $333.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $999,950
  • Address: 517 East 233rd Street
  • Market: Woodlawn, Bronx
  • Square Footage: 3,000
  • Price per Square Foot: $333
  • Buyer: Shiba Babar
  • Seller: Michael Cockburn
  • Brokers: Jared Friedman & David Roman - Investment Property Realty Group (IPRG)

Jared Friedman and David Roman represented the deal on behalf of Investment Property Realty Group (IPRG). Notably, the property was put under contract within 30 days of their hiring, demonstrating the efficiency of the brokerage team in closing transactions across various asset classes throughout the Bronx.

Players

Jared Friedman
Investment Property Realty Group (IPRG)
Jared Friedman
24 deals$32.5M volume(646) 933-2615
BROKER
David Roman
Investment Property Realty Group (IPRG)
David Roman
11 deals$15.9M volume(718) 360-9609
BROKER

Details

SOLD
IMAGE: Jared Friedman & David Roman DATE: 01/21/2025 ADDRESS: 517 East 233rd Street MARKET: Woodlawn, Bronx ASSET TYPE: MultiFamily BUYER: Shiba Babar SELLER: Michael Cockburn BROKERS: Jared Friedman (@Jared_F11) & David Roman (@RealDavidroman) - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $999,950 SF: 3,000 ~ PPSF: $333 NOTE FROM BROKER: This property was put under contract within 30 days of being hired. Our team is currently selling all asset classes throughout the Bronx, please reach out to [email protected] to see more deals. (IPRG)

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$53,330.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.27
Annual Debt Service$56,883.28