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735 East 182nd Street

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

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

735 East 182nd Street

$2,200,000

$110/SF

Building Size

20,000 SF

Asset Type

MultiFamily

Closing

Nov 7, 2024

AI

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

Alpha Realty

Broker

$742M

vol

106 deals

Broker

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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93