Updated Dec 21, 2023
Marcus & Millichap Brokers Sell Multifamily Property In Concourse, Bronx For $12M
955 Sheridan Avenue, Brooklyn, New York 11208, United States
$12,000,000
$130/SF
Building Size
92,180 SF
Asset Type
MultiFamily
Closing
Jun 27, 2022
About this deal
AI
Located at 955 Sheridan Ave. in the Concourse neighborhood of the Bronx, this multifamily property has recently been sold. The transaction took place on June 28, 2022, with a sale price of $12,000,000. The property consists of 92 units, resulting in a price per unit of $130,434. The total square footage of the property is 92,180, with a price per square foot of $130.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $12,000,000
- Units: 92
- Price per Unit: $130,434
- Square Footage: 92,180
- Price per Square Foot: $130
- Market: Concourse, Bronx
The sale of this property was facilitated by Marcus & Millichap, with Seth Glasser, Joe Koicim, and Mike Fusco acting as the brokers. They represented both the buyer and seller in this transaction.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Joe Koicim to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93