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Shia Geller Sells Multifamily Asset At 735 East 182nd Street Bronx For $2.2M

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SOLD
$2,200,000

New York

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MultiFamily20,000 SF
Sold 11/07/2024
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Property Image
SOLD

Shia Geller Sells Multifamily Asset At 735 East 182nd Street Bronx For $2.2M

735 East 182nd Street

See Similar Deals
MultiFamily20,000 SF
Sold 11/07/2024
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$110
Total Square Footage:20,000 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 735 East 182nd Street in the Bronx. The sale price for the property was $2,200,000, with a total square footage of 20,000, resulting in a price per square foot of $110.

Summary of transaction details:

Lev Mavashev and Yehuda Leser represented the seller, Shia Geller, in this transaction, playing a crucial role in the deal’s negotiation and execution. Their involvement highlights their professional expertise in the market.

Players

Lev Mavashev
105 deals$704M volume(212) 658-0955
BROKER

Yehuda Leser
Alpha Realty
18 deals$100.3M volume
BROKER

Details

SOLD
IMAGE: Lev Mavashev & Yehuda Leser DATE: 11/07/2024 ADDRESS: 735 East 182nd Street MARKET: Bronx ASSET TYPE: Multifamily SELLER: Shia Geller BROKERS: Lev Mavashev (@Lev_Mavashev) & Yehuda Leser (@YLeserNYCRealEstate) - Alpha Realty (@Alpha_Realty_NY) SALE PRICE: $2,200,000 SF: 20,000 ~ PPSF: $110

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$117,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47