Avram Levy Purchases Multifamily Property At 887 East 178th Street For $1,375,000 With Brokers Seth Glasser Michael Fusco & Christopher Mehran
887 East 178th Street
$1,275,000
$110/SF
Building Size
11,517 SF
Asset Type
MultiFamily
Closing
Apr 16, 2026
AI
The asset involved in this transaction is a multifamily property located at 887 East 178th Street in the Bronx. The sale price was $1,375,000, with a total square footage of 11,517 and a price per square foot of $119.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,375,000
- Address: 887 East 178th Street
- Market: Bronx
- Square Footage: 11,517
- Price per Square Foot: $119
- Buyer: Avram Levy
- Seller: Lindora Daniel
- Brokers: Seth Glasser, Michael (Mike) Fusco & Christopher Mehran - Marcus & Millichap
Avram Levy acted as the buyer in this transaction, while Lindora Daniel was the seller. The brokers facilitating the deal included Seth Glasser, Michael (Mike) Fusco, and Christopher Mehran, all representing Marcus & Millichap.
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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93