Kenneth Yustman - Weiss Realty Acquires Multifamily Property In Belmont For $5M
645 East 182nd Street, The Bronx, New York 10457, United States
$5,000,000
$109/SF
Building Size
45,600 SF
Asset Type
MultiFamily
Closing
Aug 11, 2022
AI
A multifamily property located at 645 East 182nd in Belmont has been sold for $5,000,000. The property consists of 44 units, with an average price per unit of $113,636. The total square footage of the property is 45,600, resulting in a price per square foot of $109.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Address: 645 East 182nd
- Market: Belmont
- Buyer: Kenneth Yustman - Weiss Realty
- Seller: Evan Schwartz
- Units: 44
- Price per Unit: $113,636
- Square Footage: 45,600
- Price per Square Foot: $109
Kenneth Yustman of Weiss Realty represented the buyer, while Evan Schwartz acted as the seller.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93