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620 East 178th Street

Multifamily Property At 620 East 178th Street Sold For $2.4M With Brokers Greg Corbin Chaya Milworn Felix Ades
SOLDMultiFamily

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

Chaya Milworn

Northgate Real Estate Group

Broker

$515.7M

vol

35 deals

Broker

Market 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

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93