Updated Jul 16, 2026
Prana Investments Acquires Multifamily Property In Concourse, BX For $4.2M
910 Gerard Ave, West Bronx, Bronx, NY, USA
$4,200,000
$148/SF
Building Size
28,260 SF
Asset Type
MultiFamily
Closing
Mar 6, 2019
About this deal
AI
Three properties located at 910, 918, and 928 Gerard Ave in Concourse, BX have been sold in a closed transaction. The multifamily asset, spanning a total square footage of 28,260 square feet, was sold for a total price of $4.2 million. This amounts to a price per square foot of $148. The building area is reported to be 70,923 square feet, resulting in a price per building square foot of $59.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4.2M
- Market: Concourse, BX
- Seller: Ari Friedman
- Buyer: Prana Investments
- Broker: Ryan Perkoski - rprnyc
Ryan Perkoski from rprnyc represented the parties involved in this transaction. Prana Investments purchased the properties from Ari Friedman for the aforementioned price. The sale was completed on 03/07/2019.
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93