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
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