Atlas Realty Group Acquires Multifamily Property In Bronx For $8.65M
547 East 168th Street, Bronx, NY 10456
$8,650,000
$188/SF
Building Size
46,001 SF
Asset Type
MultiFamily
Closing
Jul 30, 2020
AI
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.
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
1.83%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93