Daily limit: 0/10
Adam Weinstein Of Phipps Houses Acquires Multifamily Building In Bronx For $4,903,830
SOLD
$4,903,830
New York
See Similar DealsMultiFamily36,596 SF
Sold 05/21/2026
SOLD
Adam Weinstein Of Phipps Houses Acquires Multifamily Building In Bronx For $4,903,830
906 East 178th Street
See Similar DealsMultiFamily36,596 SF
Sold 05/21/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$134
Total Square Footage:36,596 SF
Transaction Type:Sale
A 35-unit multifamily building located at 906 East 178th Street in the Bronx has been sold for $4,903,830. This property spans 36,596 square feet, resulting in a price per square foot of $134. The purchase breaks down to approximately $140,109 per unit.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,903,830
- Square Footage: 36,596
- Price Per Square Foot: $134
- Total Units: 35
- Price Per Unit: $140,109
- Total Building Square Feet: 21,600
- Price Per Building Square Foot: $227
- Buyer: Adam Weinstein - Phipps Houses
The deal was facilitated by Adam Weinstein representing Phipps Houses, highlighting the involvement of key individuals in the acquisition process.
Players
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,537.60
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,422.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,246.66
Annual Debt Service$278,959.87
Is there something missing? Send suggestions