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
Bronx 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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93