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Webster Avenue

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

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

Webster Avenue

$2,100,000

$113/SF

Building Size

18,573 SF

Asset Type

MultiFamily

Closing

Dec 1, 2025

AI

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

Broker

$25.8M

vol

15 deals

Broker
Safdie Realty Group
Safdie Realty GroupBrokerage

Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93