Updated Dec 4, 2024
KlosedProperties Acquires Multifamily Building On 558 East 191st Street In Belmont, Bronx For $5.5M
558 E 191st St, The Bronx, NY 10458, USA
$5,500,000
$28/SF
Building Size
195,000 SF
Asset Type
MultiFamily
Closing
Aug 31, 2020
About this deal
AI
A multifamily property located at 558 East 191st Street in Belmont, Bronx has been sold in a recent transaction. The property spans 19,500 square feet and was sold for a total price of $5,500,000, resulting in a price per square foot of $282. The property falls under tax class 2 and is zoned as R6B. It consists of 22 units, with 21 units designated as residential and 1 unit designated as a family unit.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,500,000
- Square Footage: 19,500
- Price per Square Foot: $282
- Address: 558 East 191st Street
- Market: Belmont, Bronx
- Tax Class: 2
- Zoning: R6B
- Units: 22 (21 RS, 1 FM)
The buyers of the property are Shawn Aziz and Steven Kachanian from Klosed Properties. On the other hand, the seller is Michael Giacinto.
On the Map
$5,500,000
$28/SF
MultiFamily
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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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93