Updated Dec 5, 2025
Janel Flats LLC Acquires Multifamily Property From Steven Witkoff For $16.13M In Bronx
801 Neill Avenue
$16,134,032
$63/SF
Building Size
252,400 SF
Asset Type
MultiFamily
Closing
Nov 20, 2025
About this deal
AI
Janel Flats, LLC acquired a multi-family property located at 801 Neill Avenue in the Morris Park neighborhood of the Bronx. The transaction occurred on November 20, 2025, involving a sale price of $16,134,032 for a total square footage of 252,400, resulting in a price per square foot of $64.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $16,134,032
- Address: 801 Neill Avenue
- Market: Morris Park, Bronx
- Square Footage: 252,400
- Price Per Square Foot: $64
- Buyer: Janel Flats, LLC
- Seller: Steven Witkoff - Stellar Management
- Date of Transaction: 11/20/2025
Steven Witkoff represented Stellar Management in this transaction, facilitating the sale of the property to Janel Flats, LLC. The involvement of these entities highlights the active participation of established players in the Bronx real estate market.
On the Map
$16,134,032
$63/SF
MultiFamily
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Players
Bronx 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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93