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541 Coster Street, The Bron...

Shimon Greenfeld Acquires Multifamily Property On Coster Street, Hunts Point, Bronx For $1.5M
SOLDMultiFamily

Shimon Greenfeld Acquires Multifamily Property On Coster Street, Hunts Point, Bronx For $1.5M

541 Coster Street, The Bronx, New York 10474, United States

$1,500,000

$229/SF

Building Size

6,525 SF

Asset Type

MultiFamily

Closing

Jun 16, 2022

AI

Located at 541 Coster Street in the Hunts Point neighborhood of the Bronx, this recently closed transaction involved a multifamily property. The sale took place on June 17, 2022, and was facilitated by Jason M. Gold and Mark Anderson of Ariel Property Advisors.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $1,500,000
  • Units: 6
  • Price per Unit: $250,000
  • Square Footage: 6,525
  • Price per Square Foot: $230

The buyer in this transaction was Shimon Greenfeld, while the seller was Manmohan Gadh. Acting as the brokers for the deal, Jason M. Gold and Mark Anderson of Ariel Property Advisors represented their respective parties.

Players

Jason M. Gold

Ariel Property Advisors

Broker

$1B

vol

59 deals

Broker

Shimon Greenfeld

Buyer

$10.6M

vol

3 deals

Buyer

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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93