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735 East 182nd Street, Bron...

Almond Tree Realty Acquires 5-Story Walk-Up Buildings In Bronx For $3.7M
SOLDMultiFamily

Almond Tree Realty Acquires 5-Story Walk-Up Buildings In Bronx For $3.7M

735 East 182nd Street, Bronx, NY, USA

$3,700,000

$185/SF

Building Size

20,000 SF

Asset Type

MultiFamily

Closing

Dec 4, 2017

AI

735 E 182nd Street, a 5-Story Walk-Up Building located in New York's Bronx neighborhood, was recently sold for $3,700,000 on 12/05/17. The property consists of 21 units and has a price per square foot (PPSF) of $200.

Summary of Transaction Details

  • Property Type: 5-Story Walk-Up Building
  • Transaction Amount: $3,700,000
  • Address: 735 E 182nd Street, New York
  • Market: Bronx
  • Units: 21
  • PPSF: $200

The seller of the property was 735 Belmont LLC, while Almond Tree Realty acted as the buyer. The sale was facilitated by Alpha Realty's Lev Mavashev and Scott Schwartz, serving as the brokers in the transaction.

Players

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 deals

Broker

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

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93