facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

517 East 233rd Street

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

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

517 East 233rd Street

$999,950

$333/SF

Building Size

3,000 SF

Asset Type

MultiFamily

Closing

Jan 21, 2025

AI

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)

Broker

$33.9M

vol

25 deals

Broker

Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93