Valiotis Family Sells MultiFamily Property On East 187th Street In New York City For $4.275M
SOLD
$4,275,000
New York
See Similar DealsMultiFamily22,500 SF
Sold 05/25/2023
SOLD
Valiotis Family Sells MultiFamily Property On East 187th Street In New York City For $4.275M
622 E 187th St Bronx, NY 10458
See Similar DealsMultiFamily22,500 SF
Sold 05/25/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$190
Total Square Footage:22,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$228,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,188.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,265.68
Annual Debt Service$243,188.17
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