Michael Cohen Purchases Multifamily Property At 1250 Franklin Avenue Bronx For $6 Million
SOLD
$6,000,000
+ 1
New York
See Similar DealsMultiFamily59,814 SF
Sold 10/28/2025
SOLD
Michael Cohen Purchases Multifamily Property At 1250 Franklin Avenue Bronx For $6 Million
1250 Franklin Avenue
See Similar DealsMultiFamily59,814 SF
Sold 10/28/2025
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$100
Total Square Footage:59,814 SF
Transaction Type:Sale
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.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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