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636 East 223rd Street

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

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

636 East 223rd Street

$1,200,000

$365/SF

Building Size

3,280 SF

Asset Type

MultiFamily

Closing

Jun 9, 2025

AI

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

Investment Property Realty Group (IPRG)

Broker

$33.9M

vol

25 deals

Broker
Investment Property Realty Group (IPRG)
Investment Property Realty Group (IPRG)Brokerage

Bronx 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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93