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644 East 170th Street, The ...

Keyou Kopour Acquires 9-Unit Multifamily In Morrisania, Bronx For $930,000
SOLDMultiFamily

Keyou Kopour Acquires 9-Unit Multifamily In Morrisania, Bronx For $930,000

644 East 170th Street, The Bronx, New York 10456, United States

$930,000

$114/SF

Building Size

8,137 SF

Asset Type

MultiFamily

Closing

May 31, 2022

AI

A multifamily property located at 644 E. 170th St. in Morrisania, Bronx, has been sold for a price of $930,000. The property comprises 9 units with a total square footage of 8,137. The price per unit is approximately $103,333, and the price per square foot is approximately $114.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $930,000
  • Address: 644 E. 170th St., Morrisania, Bronx
  • Units: 9
  • Price per Unit: $103,333
  • Total Square Footage: 8,137
  • Price per Square Foot: $114

The buyer in this transaction is Keyou Kopour, while the seller is Thomas Steiner. The deal was facilitated by Zachary Fuchs and Moshe Goldberger, who represented both parties as brokers from GFI Realty.

Players

Zachary Fuchs

GFI Realty Services

Broker

$325.2M

vol

63 deals

Broker

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

17.06%

Cash-on-Cash

-4.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93