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
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