Updated Dec 21, 2023
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
About this deal
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.
On the Map
$930,000
$114/SF
MultiFamily
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Property Record
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New York MultiFamily Market Snapshot
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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