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756 Fox St, The Bronx, NY 1...

Joseph Riegler Acquires Multifamily Property In Longwood, Bronx For $4.2M
SOLDMultiFamily

Joseph Riegler Acquires Multifamily Property In Longwood, Bronx For $4.2M

756 Fox St, The Bronx, NY 10455, USA

$4,200,000

$207/SF

Building Size

20,290 SF

Asset Type

MultiFamily

Closing

Oct 12, 2020

AI

The multifamily property located at 756 Fox Street in Longwood, Bronx has been sold in a closed transaction for $4,200,000. The property encompasses a total area of 20,290 square feet, resulting in a price per square foot of $207. The transaction took place on October 13, 2020.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,200,000
  • Address: 756 Fox Street
  • Market: Longwood, Bronx
  • Zoning: R7-1

The buyer of the property was Joseph Riegler, while the seller was Harlen Housing represented by Michael Greenberg. The deal was facilitated by brokers Victor Sozio, Jason Gold, Matthew Gillis, and John Higgins from Ariel Property Advisors.

Players

Jason M. Gold

Ariel Property Advisors

Broker

$1B

vol

59 deals

Broker

Joseph Riegler

Buyer

$11.6M

vol

4 deals

Buyer

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

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93