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.
On the Map
$975,000
$197/SF
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jared Friedman to view all their deals.
Browse New York multifamily sales on Traded.
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