Geller Family Acquires Multifamily Property In Bronx, Fordham For $8.1M
SOLD
$8,115,000
New York
See Similar DealsMultiFamily62,500 SF
Sold 08/15/2019
SOLD
Geller Family Acquires Multifamily Property In Bronx, Fordham For $8.1M
60 E 196th St, The Bronx, NY 10468, USA
See Similar DealsMultiFamily62,500 SF
Sold 08/15/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$129
Total Square Footage:62,500 SF
Transaction Type:Sale
The multifamily property located at 60 East 196th Street in Bronx, Fordham has been sold in a closed transaction. The property spans a total square footage of 62,500 and was sold at a price of $8,115,000, resulting in a price per square foot of $129. The gross income generated from the property is reported to be $770,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,115,000
- Address: 60 East 196th Street
- Market: Bronx, Fordham
- Square Footage: 62,500
- Gross Income: $770,000
The seller of the property was Morgan Group, while the buyer was Geller Family. The transaction was facilitated by brokers Michael Guttman and Aaron Jungreis. Mark Brachfeld from Meridian Capital Group acted as the loan broker in the deal.
Players
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$432,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,830.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,469.24
Annual Debt Service$461,630.88
Is there something missing? Send suggestions