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Alex Yush And Markus Kay Purchase Multifamily Portfolio From Renaissance Realty Group For $3.42M

Property Image
SOLD
$3,420,000
Avraham Birnbaum
Shaya Rosenberg

New York

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MultiFamily28,800 SF
Sold 02/27/2025
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Property Image
SOLD

Alex Yush And Markus Kay Purchase Multifamily Portfolio From Renaissance Realty Group For $3.42M

1121 Fteley Avenue, 1123 Fteley Avenue & 1127 Fteley Avenue

See Similar Deals
MultiFamily28,800 SF
Sold 02/27/2025
Avraham Birnbaum
Shaya Rosenberg
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$118
Total Square Footage:28,800 SF
Transaction Type:Sale

This multifamily asset portfolio comprises three buildings located at 1121 Fteley Avenue, 1123 Fteley Avenue, and 1127 Fteley Avenue in the Bronx market. The transaction closed at a price of $3,420,000, encompassing 12 fully occupied units within 9,600 square feet, resulting in a price per unit of $285,000 and a price per square foot of $356.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,420,000
  • Units: 12
  • Square Footage: 9,600
  • Price Per Unit: $285,000
  • Price Per Square Foot: $356
  • Buyer: Alex Yush & Markus Kay
  • Seller: Renaissance Realty Group
  • Buyer's Representative: Shaya Rosenberg - The Syper Group
  • Seller's Representative: Avraham Birnbaum - Twelve Stones Realty

The successful coordination of this transaction involved Shaya Rosenberg representing the buyers and working alongside Avraham Birnbaum, who represented the seller. Additionally, mortgage broker Isaac Blyakher played a crucial role in securing financing for the deal.

Players

Avraham Birnbaum
Twelve Stones Realty
Avraham Birnbaum
24 deals$44.7M volume
BROKER
Shaya Rosenberg
The Syper Group
Shaya Rosenberg
4 deals$6.8M volume(929) 516-1132
BROKER
Renaissance Realty Group
Renaissance Realty Group
BUYER
Renaissance Realty Group
Renaissance Realty Group
BUYER
Renaissance Realty Group
Renaissance Realty Group
SELLER

Details

SOLD
IMAGE: Avraham Birnbaum & Shaya Rosenberg DATE: 02/27/2025 ADDRESS: 1121 Fteley Avenue, 1123 Fteley Avenue & 1127 Fteley Avenue MARKET: Bronx ASSET TYPE: Multifamily BUYER: Alex Yush & Markus Kay SELLER: Renaissance Realty Group BUYER'S REP: Shaya Rosenberg (@Shaya_Rosenberg) - The Syper Group SELLER'S REP: Avraham Birnbaum - Twelve Stones Realty (@TwelveStonesRealty) SALE PRICE: $3,420,000 UNITS: 12 ~ PPU: $285,000 SF: 9,600 ~ PPSF: $356 NOTE FROM BROKER: Excited to announce the successful sale of a three-building portfolio, each consisting of four fully occupied units with a strong performing rent roll, closed at $3.42M! Representing the buyer, I had the pleasure of working alongside Avraham Birnbaum of Twelve Stones Realty, who represented the seller, and mortgage broker Isaac Blyakher, who did a phenomenal job securing financing for this deal. Each property in this portfolio is a fully brick, two-story building with a basement, sitting on a 25’ x 100’ lot with a 20’ x 80’ building footprint and R6 zoning—offering exceptional long-term value in a prime location. For more opportunities like this, reach out to me at 347.860.1334. Let’s make your next deal happen!

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Debt Service Coverage Ratio (DSCR)

0.94x

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