Atlas Realty Group Acquires Multifamily Property In Bronx For $8.65M
SOLD
$8,650,000
+ 3
New York
See Similar DealsMultiFamily46,001 SF
Sold 07/30/2020
SOLD
Atlas Realty Group Acquires Multifamily Property In Bronx For $8.65M
547 East 168th Street, Bronx, NY 10456
See Similar DealsMultiFamily46,001 SF
Sold 07/30/2020
+ 3
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$188
Total Square Footage:46,001 SF
Transaction Type:Sale
The multifamily property located at 547 East 168th Street in the Bronx has been sold for a price of $8,650,000. The property spans a total of 46,001 square feet and is zoned as R7-2. With a unit count of 64, the sale price equates to a per unit price of $135,156. The price per square foot is $188.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,650,000
- Address: 547 East 168th Street
- Market: Bronx
- Zoning: R7-2
- SF: 46,001
- Price per Square Foot: $188
- Units: 64
- Price per Unit: $135,156
The seller of the property is the Mehmetaj Family. The brokers involved in the transaction are Shlomo Antebi, Yosef Katz, Erik Yankelovich, Natan Safdieh, and Bobby Hedaya from Atlas Realty Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$461,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,731.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,005.41
Annual Debt Service$492,064.96
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