Updated Sep 9, 2024
Marcus & Millichap Brokers Sell New York City Multifamily Property For $4.1M
64 Sherif S Byrd Pl Bronx, NY 10452, USA
$4,125,000
$109/SF
Building Size
37,600 SF
Asset Type
MultiFamily
Closing
Jun 7, 2023
About this deal
AI
A multifamily property located at 64 Jesup Place in New York City has been sold in a recent transaction. The property, consisting of 38 units, spans an area of 37,600 square feet. The sale price for this transaction was $4,125,000, resulting in a price per unit of $108,553. The price per square foot was calculated to be $110.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,125,000
- Units: 38
- Price per Unit: $108,553
- Square Feet: 37,600
- Price per Square Foot: $110
The transaction was facilitated by the brokers involved in the deal. Seth Glasser, Michael Fusco, and Benny Katz represented Marcus & Millichap, while Sara Rai played a role in the transaction.
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
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93