Updated Oct 29, 2024
E 235TH LLC Acquires Bronx Multi Property For $6M
710 E 235th St, The Bronx, NY 10466, USA
Building Size
37,200 SF
Asset Type
MultiFamily
Closing
Nov 9, 2017
About this deal
AI
The property at 710 E 235th Street in New York, located in the Bronx market, has been sold for a price of $6,000,000. The property spans over 37,200 square feet, resulting in a price per square foot of $161. It comprises of 35 units, with a price per unit of $171,000.
Summary of transaction details
- Property Type: Multi
- Transaction Amount: $6,000,000
- Square Footage: 37,200 sf
- Price per Square Foot: $161
- Number of Units: 35
- Price per Unit: $171,000
- Seller: Lynair LLC
- Buyer: E 235TH LLC
The buyer, E 235TH LLC, was represented by Friedman Roth Realty's Joshbanilivy in the transaction. On the other hand, the seller, Lynair LLC, was represented by George Niblock, the Managing Partner.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93