Yechiel Weinberger & Eric Miller Purchase Bronx Multifamily For $9.35M Through Parkway Realty
SOLD
$9,350,000
New York
See Similar DealsMultiFamily120,000 SF
Sold 02/22/2024
SOLD
Yechiel Weinberger & Eric Miller Purchase Bronx Multifamily For $9.35M Through Parkway Realty
MultiFamily120,000 SF
Sold 02/22/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$77
Total Square Footage:120,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$498,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,218.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,323.77
Annual Debt Service$531,885.24
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