Updated Feb 28, 2025
Emerald Equity Group Acquires Bronx Multifamily For $36M
525 Riverdale Ave, Yonkers, NY 10705, USA & 525 Riverdale Ave, Yonkers, NY 10705, USA
Building Size
161,000 SF
Asset Type
MultiFamily
Closing
May 9, 2018
About this deal
AI
Isaac Kassirer's Emerald Equity Group has acquired a multifamily property located at 525-527 Riverdale Avenue in the Bronx, New York. The property spans 161,000 square feet and was purchased for a total price of $36,000,000, equating to a price per square foot of $223. The multifamily asset consists of 143 units, with a price per unit of $250,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $36,000,000
- Square Footage: 161,000 sf
- Price per Square Foot: $223
- Number of Units: 143
- Price per Unit: $250,000
The seller of the property is PRC Management, while the buyer is Isaac Kassirer's Emerald Equity Group. The transaction was facilitated by Aaron Jungreis from Rosewood Realty Group NY acting as the broker.
On the Map
MultiFamily
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City of Yonkers 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93