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Shavit Shoshani Purchases Multifamily Property At 636 East 223rd Street For $1.2M

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SOLD
$1,200,000

New York

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MultiFamily3,280 SF
Sold
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Property Image
SOLD

Shavit Shoshani Purchases Multifamily Property At 636 East 223rd Street For $1.2M

636 East 223rd Street

See Similar Deals
MultiFamily3,280 SF
Sold
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$365
Total Square Footage:3,280 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 636 East 223rd Street, situated in the Wakefield neighborhood of Bronx. The sale price for this asset was $1,200,000, and it consists of 4 units. The total square footage of the building is 3,280, resulting in a price per unit of $300,000 and a price per square foot of $365. The property was delivered vacant as part of the sale.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Units: 4
  • Price Per Unit: $300,000
  • Square Footage: 3,280
  • Price Per Square Foot: $365
  • Buyer: Shavit Shoshani
  • Seller: Yasmeen Grandison
  • Brokers: Jared Friedman & David Roman - Investment Property Realty Group (IPRG)

The deal was facilitated by brokers Jared Friedman and David Roman representing Investment Property Realty Group (IPRG). This transaction marks their involvement in successfully bridging the buyer, Shavit Shoshani, with the seller, Yasmeen Grandison.

Players

Jared Friedman
24 deals$32.5M volume(646) 933-2615
BROKER

David Roman
Investment Property Realty Group (IPRG)
11 deals$15.9M volume(718) 360-9609
BROKER

Investment Property Realty Group (IPRG)
BROKERAGE

Details

SOLD
IMAGE: Jared Friedman & David Roman DATE: 6/10/2025 ADDRESS: 636 East 223rd Street MARKET: Wakefield, Bronx ASSET TYPE: Multifamily BUYER: Shavit Shoshani SELLER: Yasmeen Grandison BROKERS: Jared Friedman (@Jared_F11) & David Roman (@RealDavidRoman) - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $1,200,000 UNITS: 4 ~ PPU: $300,000 SF: 3,280 ~ PPSF: $365 NOTE FROM BROKER: 4 - Family, Delivered Vacant

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35