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Mann Family Acquires Multifamily Property From Ovadia Family For $2.1 Million In Bronx NY

Property Image
SOLD
$2,100,000

New York

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MultiFamily18,573 SF
Sold 12/02/2025
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Property Image
SOLD

Mann Family Acquires Multifamily Property From Ovadia Family For $2.1 Million In Bronx NY

Webster Avenue

See Similar Deals
MultiFamily18,573 SF
Sold 12/02/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$113
Total Square Footage:18,573 SF
Transaction Type:Sale

This multifamily property located at 2408 & 2420 Webster Avenue in the Bronx, NY, has a sale price of $2,100,000. The asset comprises 16 units and covers a total square footage of 18,573, resulting in a price per unit of $131,250 and a price per square foot of $113.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,100,000
  • Units: 16
  • Square Footage: 18,573
  • Price Per Unit: $131,250
  • Price Per Square Foot: $113
  • Buyer: Mann Family
  • Seller: Ovadia Family
  • Broker: Roni Yaghoobzar - Safdie Realty Group

Roni Yaghoobzar from Safdie Realty Group successfully facilitated the transaction, representing both the seller and the purchaser in this deal.

Players

Roni Yaghoobzar
Safdie Realty Group
Roni Yaghoobzar
15 deals$25.8M volume
BROKER
Safdie Realty Group
Safdie Realty Group
BROKERAGE

Details

SOLD
IMAGE: Roni Yaghoobzar DATE: 12/2/2025 ADDRESS: 2408 & 2420 Webster Avenue MARKET: Bronx, NY ASSET TYPE: Multifamily BUYER: Mann Family SELLER: Ovadia Family BROKER: Roni Yaghoobzar - Safdie Realty Group (@Safdie_Realty_Group) SALE PRICE: $2,100,000 UNITS: 16 ~ PPU: $131,250 SF: 18,573 ~ PPSF: $113 NOTE FROM BROKER: The sale of 2408 & 2420 Webster Avenue was facilitated by Roni Yaghoobzar from Safdie Realty Group, successfully representing the seller and purchaser on this transaction. To connect for more upcoming opportunities, please reach out directly: Roni Yaghoobzar [email protected]

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

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86