Yechiel Weinberger & Eric Miller Purchase Bronx Multifamily For $9.35M Through Parkway Realty
$9,350,000
$77/SF
Building Size
120,000 SF
Asset Type
MultiFamily
Closing
Feb 22, 2024
AI
The multifamily property in Bronx, spanning 120,000 square feet, was recently sold for $9,350,000 at a price per unit of $71,923 and a price per square foot of $78.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,350,000
- Units: 130
- Square Footage: 120,000
- Buyer: Yechiel Weinberger & Eric Miller - Parkway Realty
- Broker: Sam Schertz - Schuckman Realty
The deal was facilitated by Sam Schertz from Schuckman Realty, representing the buyers Yechiel Weinberger & Eric Miller of Parkway Realty. Sam Schertz highlighted ongoing multi-family opportunities in the boroughs and encouraged interested parties to get in touch for further discussions.
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
1.70%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93