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906 Summit Avenue

Jordan Cohen & Don Bichoupan Of Baker Capital Group Acquire Bronx Multifamily For $2.65M
SOLDMultiFamily

Jordan Cohen & Don Bichoupan Of Baker Capital Group Acquire Bronx Multifamily For $2.65M

906 Summit Avenue

$2,650,000

$186/SF

Building Size

14,175 SF

Asset Type

MultiFamily

Closing

Aug 17, 2025

AI

The transaction involved a multifamily property located at 906 Summit Avenue in the Bronx. The sale price for the asset was $2,650,000, encompassing 16 units. The property spans 14,175 square feet, resulting in a price per unit of $165,625 and a price per square foot of $186.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,650,000
  • Units: 16
  • Square Footage: 14,175
  • Price per Unit: $165,625
  • Price per Square Foot: $186
  • Buyer: Jordan Cohen & Don Bichoupan - Baker Capital Group
  • Broker Representatives: Seth Glasser, Michael Fusco & Benjamin Myerow - Marcus & Millichap
  • Transaction Date: 8/18/2025

Key individuals involved in the transaction include Jordan Cohen and Don Bichoupan representing Baker Capital Group as the buyers. The brokers facilitating the sale were Seth Glasser, Michael Fusco, and Benjamin Myerow from Marcus & Millichap, who played a vital role in the completion of this property deal.

Players

Michael Fusco

Marcus & Millichap

Broker

$576.1M

vol

88 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage
Don Bichoupan

Don Bichoupan

Baker Capital Group

Buyer

$15.1M

vol

11 deals

Buyer
Baker Capital Group
Baker Capital GroupBuyer

Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93