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Multifamily Portfolio Sold In Longwood Bronx For $19.63 Million By Ariel Property Advisors

Property Image
SOLD
$19,750,000
Shimon Shkury
Jason M. Gold
+ 3

New York

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MultiFamily170,280 SF
Sold 09/03/2025
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Property Image
SOLD

Multifamily Portfolio Sold In Longwood Bronx For $19.63 Million By Ariel Property Advisors

632 Wales Avenue, 636 Wales Avenue, 640 Wales Avenue, 644 Wales Avenue, 786 East 152nd Street, 790 East 152nd Street, 785 East 151st Street, 795 East 151st Street & 643 Tinton Avenue

See Similar Deals
MultiFamily170,280 SF
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$116
Total Square Footage:170,280 SF
Transaction Type:Sale

The transaction involved multiple multifamily properties located at 632 Wales Avenue, 636 Wales Avenue, 640 Wales Avenue, 644 Wales Avenue, 786 East 152nd Street, 790 East 152nd Street, 785 East 151st Street, 795 East 151st Street, and 643 Tinton Avenue in the Longwood market of the Bronx. The properties consist of a total of 249 units and have a combined square footage of 163,428. The sale price for this transaction was $19,625,000, resulting in a price per unit of $78,815 and a price per square foot of $120.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $19,625,000
  • Units: 249
  • Square Footage: 163,428
  • Price Per Unit: $78,815
  • Price Per Square Foot: $120
  • Market: Longwood, Bronx

The brokers representing the transaction included Victor Sozio, Shimon Shkury, Jason M. Gold, Remi Mandell, Jake Brody, and Gabriel Elyaszadeh from Ariel Property Advisors.

Players

Jason M. Gold
59 deals$1B volume
BROKER

Shimon Shkury
Ariel Property Advisors
55 deals$1.7B volume
BROKER

Victor Sozio
Ariel Property Advisors
111 deals$2.3B volume
BROKER

Remi Mandell
Ariel Property Advisors
16 deals$514.6M volume
BROKER

Gabriel Elyaszadeh
Ariel Property Advisors
18 deals$220.2M volume
BROKER

Jake Brody
Ariel Property Advisors
12 deals$198M volume(212) 544-9500
BROKER

Ariel Property Advisors
BROKERAGE

Details

SOLD
IMAGE: Victor Sozio, Shimon Shkury, Jason M. Gold, Remi Mandell, Jake Brody & Gabriel Elyaszadeh DATE: 9/4/2025 ADDRESS: 632 Wales Avenue, 636 Wales Avenue, 640 Wales Avenue, 644 Wales Avenue, 786 East 152nd Street, 790 East 152nd Street, 785 East 151st Street, 795 East 151st Street & 643 Tinton Avenue MARKET: Longwood, Bronx ASSET TYPE: Multifamily BROKERS: Victor Sozio, Shimon Shkury, Jason M. Gold (@JGold_Real_Estate), Remi Mandell, Jake Brody & Gabriel Elyaszadeh - Ariel Property Advisors (@ArielPA.NYC) SALE PRICE: $19,625,000 UNITS: 249 ~ PPU: $78,815 SF: 163,428 ~ PPSF: $120

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,053,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$70,167.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$93,625.08
Annual Debt Service$1,123,500.91