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536 Kappock Street, The Bro...

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

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

Daniel Mahfar

Ariel Property Advisors

Broker

$753M

vol

42 deals

Broker
David Roth

David Roth

Palladium Management

Seller

$30.9M

vol

9 deals

Seller

New York 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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93