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
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