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931 East 179th Street, Bron...

The Daniel Group Acquires Bronx Property From T J Bennett Realty Corp For $1.6M
SOLDMultiFamily

The Daniel Group Acquires Bronx Property From T J Bennett Realty Corp For $1.6M

931 East 179th Street, Bronx, NY, USA

$1,600,000

$62/SF

Building Size

25,500 SF

Asset Type

MultiFamily

Closing

Aug 27, 2018

AI

The property at 931-935 East 179th Street in Bronx, New York, has been sold for a price of $1,600,000. The transaction took place on 08/28/18. The property has a building square footage of 25,500 and a price per building square footage of $62.

Summary of transaction details

  • Property Type: N/A
  • Transaction Amount: $1,600,000
  • Seller: T J Bennett Realty Corp - Deborah Jones
  • Buyer: The Daniel Group - Robert Kohn
  • Broker: Daniel Dilamani
  • Address: 931-935 East 179th Street, Bronx, New York
  • Market: Bronx
  • City: New York

The seller of the property was T J Bennett Realty Corp, represented by Deborah Jones. The buyer was The Daniel Group, represented by Robert Kohn. The broker involved in the deal was Daniel Dilamani.

Players

Daniel Dilamani

Broker

$1.6M

vol

1 deal

Broker

Robert Kohn

The Daniel Group

Buyer

$8.4M

vol

2 deals

Buyer

New York 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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93