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
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