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Yechiel Weinberger & Eric M...

Yechiel Weinberger & Eric Miller Purchase Bronx Multifamily For $9.35M Through Parkway Realty
SOLDMultiFamily

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

Sam Schertz

Schuckman Realty

Broker

$90.5M

vol

10 deals

Broker

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