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
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