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55 East 196th Street, The B...

Gail & Stuart Davis Sell Kingsbridge Multifamily For $6.3M With Reps Matthew Barbaccia & Christian Dedvukaj
SOLDMultiFamily

Gail & Stuart Davis Sell Kingsbridge Multifamily For $6.3M With Reps Matthew Barbaccia & Christian Dedvukaj

55 East 196th Street, The Bronx, NY, USA

$6,300,000

$177/SF

Building Size

35,532 SF

Asset Type

MultiFamily

Closing

Jan 29, 2020

AI

The multifamily property located at 55 East 196th Street in Kingsbridge was recently sold for a total of $6,300,000. The property spans across 35,532 square feet, resulting in a price per square foot of $177. This multifamily asset consists of 36 units, with 27 being residential and 9 being retail spaces. The price per unit amounted to $175,000. The sellers of this property were Gail and Stuart Davis, while the brokers involved in the transaction were Matthew Barbaccia and Christian Dedvukaj.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,300,000
  • Square Footage: 35,532
  • Price per Square Foot: $177
  • Units: 36 (27 FM & 9 RS)
  • Price per Unit: $175,000

The successful sale of this property was facilitated by brokers Matthew Barbaccia and Christian Dedvukaj. They represented the sellers, Gail and Stuart Davis, throughout the transaction. Their expertise and negotiations played a crucial role in the completion of this deal. The involvement of these key individuals highlights their commitment to delivering successful outcomes for their clients.

Players

Christian Dedvukaj

Princeton Realty Group

Broker

$23.9M

vol

8 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

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

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93