Multifamily Property At 620 East 178th Street Sold For $2.4M With Brokers Greg Corbin Chaya Milworn Felix Ades
620 East 178th Street
$2,400,000
$64/SF
Building Size
37,105 SF
Asset Type
MultiFamily
Closing
Mar 30, 2026
AI
The property asset involved in this transaction is a multifamily building located at 620 East 178th Street in the Bronx. The sale price was $2,400,000, encompassing a total of 49 units within a square footage of 37,105. The price per unit is $48,979, while the price per square foot is $64.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Units: 49
- Square Footage: 37,105
- Price Per Unit: $48,979
- Price Per Square Foot: $64
- Date of Transaction: 3/31/2026
- Address: 620 East 178th Street
- Market: Bronx
The deal was facilitated by brokers Greg Corbin, Chaya Milworn, and Felix Ades from Northgate Real Estate Group. The firm has a substantial record in the industry, with over $4.3 billion in real estate transactions, demonstrating expertise in distressed investment sales and workouts, including bankruptcies and foreclosures.
Players
Market 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93