Michael Cohen Purchases Multifamily Property At 1250 Franklin Avenue Bronx For $6 Million

The asset involved in the transaction is a multifamily property located at 1250 Franklin Avenue in the Bronx. The property was sold for $6,000,000, encompassing a total square footage of 59,814, translating to a price per square foot of $100.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,000,000
• Buyer: Michael Cohen
• Seller: Sam Applegrad
• Brokers: Aaron Jungreis, Ben Khakshoor, Alex Fuchs & Reouven Elharar - Rosewood Realty Group
• Assumable Loan Amount: $5,674,000
• Lender: Arbor Commercial Funding
• Interest Rate: 3.76%

Key individuals in this transaction include buyer Michael Cohen and seller Sam Applegrad. The brokers facilitating the deal, Aaron Jungreis, Ben Khakshoor, Alex Fuchs, and Reouven Elharar, are all representatives from Rosewood Realty Group.