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622 E 187th St Bronx, NY 10458

Valiotis Family Sells MultiFamily Property On East 187th Street In New York City For $4.275M
SOLDMultiFamily

Valiotis Family Sells MultiFamily Property On East 187th Street In New York City For $4.275M

622 E 187th St Bronx, NY 10458

$4,275,000

$190/SF

Building Size

22,500 SF

Asset Type

MultiFamily

Closing

May 25, 2023

AI

The Valiotis Family has sold a multifamily property located at 622 East 187th Street in New York City. The property consists of 24 units with a total square footage of 22,500. The sale price for this transaction was $4,275,000, resulting in a per unit price of $178,125. The price per square foot was calculated at $190.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $4,275,000
  • Units: 24
  • Price per Unit: $178,125
  • Square Footage: 22,500
  • Price per Square Foot: $190

The transaction was facilitated by Ryan Perkoski and John Martisch from RPR Ventures, who represented the sellers, the Valiotis Family. Their expertise in the real estate market contributed to the successful sale of the property.

Players

John Martisch

Broker

$70.5M

vol

14 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

3.71%

Cash-on-Cash

-1.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93