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
$3,200,000
$88/SF
Building Size
36,000 SF
Asset Type
MultiFamily
Closing
Nov 15, 2021
AI
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
New York 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93