facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Other

/

Sale

/

1133 Ogden Ave, The Bronx, ...

Updated Oct 29, 2024

Camber Property Group And Belveron Partners Acquire Residential Property In Bronx For $77M
SOLDOther

Camber Property Group And Belveron Partners Acquire Residential Property In Bronx For $77M

1133 Ogden Ave, The Bronx, NY 10452, USA

$77,000,000

$1,572/SF

Building Size

48,983 SF

Asset Type

Other

Closing

Jun 25, 2019

About this deal

AI

1133 Ogden Avenue, a residential property located in the Bronx, was recently involved in a closed transaction. The property consists of 400 units and was sold for a total price of $77,000,000, resulting in an average price per unit of $192,000. The buyers of the property were Camber Property Group and Belveron Partners, while the seller was Larry Gluck from Stellar Management.

Summary of Transaction Details

  • Property Type: Residential
  • Transaction Amount: $77,000,000
  • Units: 400
  • Price per Unit: $192,000
  • Buyer: Camber Property Group and Belveron Partners
  • Seller: Larry Gluck from Stellar Management

In this transaction, Camber Property Group and Belveron Partners acquired 1133 Ogden Avenue from Larry Gluck of Stellar Management. The deal involved a significant investment of $77,000,000, with the property comprising 400 residential units. The average price per unit was $192,000. Camber Property Group and Belveron Partners demonstrated their interest in the Bronx market by making this substantial purchase.

On the Map

Open live map

$77,000,000

$1,572/SF

Other

View full map

Players

Camber Property Group
Camber Property GroupBuyer
Bilt advertisement

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

Loading comparables…

Deal FAQ

About $1.6K per square foot on a published $77M for 48,983 square feet (2019).

Browse New York other sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets