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
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