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612 East 180th Street, The ...

Alpha Realty Brokers Lev Mavashev, Yehuda Leser & Eli Yusupov Assist In $3M Multifamily Sale In North Bronx
SOLDMultiFamily

Alpha Realty Brokers Lev Mavashev, Yehuda Leser & Eli Yusupov Assist In $3M Multifamily Sale In North Bronx

612 East 180th Street, The Bronx, New York 10457, United States

$3,000,000

$161/SF

Building Size

18,600 SF

Asset Type

MultiFamily

Closing

Mar 23, 2022

AI

The multifamily property located at 612 E. 180th St. in the North Bronx has been sold for a price of $3,000,000. The transaction took place on 03/24/2022 and involved a total of 26 units. The price per unit was calculated at $115,384, and the total square footage of the property is 18,600 with a price per square foot of $161.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Address: 612 E. 180th St.
  • Market: North Bronx
  • Units: 26
  • Price per Unit: $115,384
  • Total Square Footage: 18,600
  • Price per Square Foot: $161

The sale of this multifamily property was facilitated by the brokers Lev Mavashev, Yehuda Leser, and Eli Yusupov from Alpha Realty. They represented both the sellers, The Lulaj Family, and the buyers in this transaction.

Players

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 deals

Broker

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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93