Joseph Riegler Acquires Multifamily Property In Longwood, Bronx For $4.2M
SOLD
$4,200,000
+ 2
New York
See Similar DealsMultiFamily20,290 SF
Sold 10/13/2020
SOLD
Joseph Riegler Acquires Multifamily Property In Longwood, Bronx For $4.2M
756 Fox St, The Bronx, NY 10455, USA
See Similar DealsMultiFamily20,290 SF
Sold 10/13/2020
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$207
Total Square Footage:20,290 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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