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Tony Shaban Purchases Bronx Multifamily Asset From Manuel Scharf For $12.5M

Property Image
SOLD
$12,500,000
Ben Khakshoor
Aaron Jungreis
+ 1

New York

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MultiFamily124,492 SF
Sold 04/22/2025
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Property Image
SOLD

Tony Shaban Purchases Bronx Multifamily Asset From Manuel Scharf For $12.5M

2914 Jerome Avenue

See Similar Deals
MultiFamily124,492 SF
Sold 04/22/2025
Ben Khakshoor
Aaron Jungreis
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$100
Total Square Footage:124,492 SF
Transaction Type:Sale

The property asset involved in the transaction is a multifamily building located at 2914 Jerome Avenue in the Bronx. This asset has a sale price of $12,500,000 and encompasses 124,492 square feet with a total of 123 units. The price per unit amounts to $101,626, and the price per square foot is $100.

Summary of transaction details:

Key individuals involved in the deal include Tony Shaban, the buyer, and Manuel Scharf, the seller. The transaction was facilitated by a team from Rosewood Realty Group, comprising brokers Aaron Jungreis, Ben Khakshoor, Alex Fuchs, and Reouven Elharar, who represented the interests of the parties during the transaction.

Players

Aaron Jungreis
202 deals$4.3B volume(212) 359-9900
BROKER

Ben Khakshoor
Rosewood Realty Group
132 deals$1.9B volume(212) 359-9913
BROKER

Alex Fuchs
Rosewood Realty Group
100 deals$1.9B volume
BROKER

Reouven Elharar
Rosewood Realty Group
6 deals$39.4M volume
BROKER

Details

SOLD
IMAGE: Aaron Jungreis, Ben Khakshoor, Alex Fuchs & Reouven Elharar DATE: 04/22/2025 ADDRESS: 2914 Jerome Avenue MARKET: Bronx ASSET TYPE: Multifamily BUYER: Tony Shaban SELLER: Manuel Scharf BROKERS: Aaron Jungreis (@AaronJungreis), Ben Khakshoor (@BenKhak), Alex Fuchs (@AlexFuchs1) & Reouven Elharar - Rosewood Realty Group (@RosewoodRG) SALE PRICE: $12,500,000 UNITS: 123 ~ PPU: $101,626 SF: 124,492 ~ PPSF: $100

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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