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Palladium Management - David Roth Sells Multifamily Property In Riverdale, Bronx For $3.2M

Property Image
SOLD
$3,200,000

New York

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MultiFamily36,000 SF
Sold 11/15/2021
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SOLD

Palladium Management - David Roth Sells Multifamily Property In Riverdale, Bronx For $3.2M

536 Kappock Street, The Bronx, New York 10463, 536 Kappock Street, The Bronx, New York 10463, United States & 536 Kappock Street, Bronx, NY

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MultiFamily36,000 SF
Sold 11/15/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$88
Total Square Footage:36,000 SF
Transaction Type:Sale

Located in Riverdale, Bronx, the multifamily property at 536 Kappock Street has recently been sold in a closed transaction. The property spans 12,000 square feet and consists of 10 units, resulting in a price per unit of $320,000. The selling price for this asset was $3,200,000, with a price per square foot of $266.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,200,000
  • Address: 536 Kappock Street
  • Market: Riverdale, Bronx

Representing the seller, Palladium Management, was David Roth. The brokers involved in this transaction were Victor Sozio and Daniel Mahfar from Ariel Property Advisors.

Players

Daniel Mahfar
42 deals$753M volume
BROKER

Victor Sozio
Ariel Property Advisors
111 deals$2.3B volume
BROKER

David Roth
9 deals$30.9M volume
SELLER

Details

SOLD
IMAGE: Victor Sozio, David Roth & Daniel Mahfar DATE: 11/15/2021 ADDRESS: 536 Kappock Street MARKET: Riverdale, Bronx ASSET TYPE: Multifamily SELLER: Palladium Management - David Roth BROKERS: Victor Sozio & Daniel Mahfar (@DMahfar_Real_Estate) - Ariel Property Advisors (@ArielPA.NYC) SALE PRICE: $3,200,000 UNITS: 10 ~ PPU: $320,000 SF: 12,000 ~ PPSF: $266

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

$170,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59