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900 Bronx Park South, The B...

Updated Oct 28, 2024

Chestnut Holdings Acquires Multifamily Property In West Farms For $5.7M
SOLDMultiFamily

Chestnut Holdings Acquires Multifamily Property In West Farms For $5.7M

900 Bronx Park South, The Bronx, New York 10460, United States

$5,700,000

$119/SF

Building Size

47,575 SF

Asset Type

MultiFamily

Closing

Apr 14, 2022

About this deal

AI

Located in West Farms, the multifamily property at 900 Bronx Park South has recently been sold. The transaction took place on 04/15/2022, with Chestnut Holdings acquiring the property from Chanie A. Bierman. The sale price for this transaction was $5,700,000, resulting in a total of 43 units. The price per unit was calculated at $132,558. The property spans an area of 47,530 square feet, with a price per square foot of $119.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,700,000
  • Buyer: Chestnut Holdings
  • Seller: Chanie A. Bierman
  • Units: 43
  • Price per Unit: $132,558
  • Square Footage: 47,530
  • Price per Square Foot: $119

Chestnut Holdings successfully acquired the multifamily property at 900 Bronx Park South in the West Farms market. Chanie A. Bierman represented the seller in this transaction.

Players

Chestnut Holdings
Chestnut HoldingsBuyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $119 per square foot on a published $5.7M for 47,575 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.78%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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