Updated Sep 9, 2024
Joel Gorjian Acquires Multifamily Property In Bronx For $975,000
737 East 219th Street, The Bronx, New York 10467, United States
$975,000
$197/SF
Building Size
4,950 SF
Asset Type
MultiFamily
Closing
Jan 13, 2022
About this deal
AI
A multifamily property located at 737 East 219th Street in the Bronx has been sold for a total of $975,000. The property consists of 6 units, with an average price per unit of $162,500. The total square footage of the property is 4,950, resulting in a price per square foot of $196. The sale was completed on January 14, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $975,000
- Units: 6
- Price per Unit: $162,500
- Square Footage: 4,950
- Price per Square Foot: $196
- Market: Bronx
The buyer in this transaction was Joel Gorjian, while the seller was Ben Ryu. The deal was facilitated by Jared Friedman from B6 Real Estate Advisors.
Players
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
16.27%
Cash-on-Cash
-4.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93