David Koshers Acquires Bronx Multifamily Properties From Izzy Kirzner For $5,680,125
647 Cauldwell Avenue & 643 Cauldwell Avenue
$5,680,125
$197/SF
Building Size
28,704 SF
Asset Type
MultiFamily
Closing
May 26, 2026
AI
David Koshers has acquired two multifamily properties located at 647 & 643 Cauldwell Avenue in Woodstock, Bronx. The properties, encompassing a total of 28,704 square feet, were sold for $5,680,125, representing a price per square foot of $198.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,680,125
- Addresses: 647 & 643 Cauldwell Avenue
- Market: Woodstock, Bronx
- Square Feet: 28,704
- Price Per Square Foot: $198
- Buyer: David Koshers
- Seller: Izzy Kirzner - Sharp Management Corp
Izzy Kirzner of Sharp Management Corp was the seller in this transaction, representing the organization in its decision to sell the multifamily assets to David Koshers.
Players
Bronx 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
2.79%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93