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

Property Image
SOLD
$2,650,000
Michael (Mike) Fusco
Benjamin (Ben) Myerow
+ 1

New York

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MultiFamily14,175 SF
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Property Image
SOLD

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

906 Summit Avenue

See Similar Deals
MultiFamily14,175 SF
Sold
Michael (Mike) Fusco
Benjamin (Ben) Myerow
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$186
Total Square Footage:14175 SF
Transaction Type:Sale

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 (Mike) Fusco
84 deals$568.3M volume(973) 865-6303
BROKER

Seth Glasser
Marcus & Millichap
118 deals$1.1B volume
BROKER

Benjamin (Ben) Myerow
Marcus & Millichap
7 deals$17.9M volume(212) 430-5183
BROKER

Marcus & Millichap
BROKERAGE

Don Bichoupan
Baker Capital Group
11 deals$15.1M volume
BUYER


Details

SOLD
IMAGE: Michael Fusco, Seth Glasser & Benjamin Myerow DATE: 8/18/2025 ADDRESS: 906 Summit Avenue MARKET: Bronx ASSET TYPE: Multifamily BUYER: Jordan Cohen & Don Bichoupan - Baker Capital Group BROKERS: Seth Glasser (@SethGlasser1), Michael Fusco (@Mike_Fusco_NYM) & Benjamin Myerow - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $2,650,000 UNITS: 16 ~ PPU: $165,625 SF: 14,175 ~ PPSF: $186 &Millichap

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$141,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,562.35
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