Updated Oct 28, 2024
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
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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93