Marcus & Millichap Brokers Sell New York City Multifamily Property For $4.1M
SOLD
$4,125,000
+ 1
New York
See Similar DealsMultiFamily37,600 SF
Sold 06/07/2023
SOLD
Marcus & Millichap Brokers Sell New York City Multifamily Property For $4.1M
64 Sherif S Byrd Pl Bronx, NY 10452, USA
See Similar DealsMultiFamily37,600 SF
Sold 06/07/2023
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$109
Total Square Footage:37,600 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$220,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,655.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,554.60
Annual Debt Service$234,655.25
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