Prana Investment Acquires Apartment Building On East 168th Street In The Bronx For $11.95M
114 E 168th St, The Bronx, NY 10452, USA
Building Size
700,000 SF
Asset Type
Other
Closing
Feb 27, 2018
About this deal
AI
An apartment building located at 114 East 168th Street in Bronx, New York has been sold in a closed transaction. The property, spanning 70,000 square feet, was sold for a total price of $11,950,000, at a price per square foot of $170. The building comprises 59 units.
Summary of transaction details
- Property Type: Apartment Building
- Transaction Amount: $11,950,000
- Square Footage: 70,000
- Price Per Square Foot: $170
- Number of Units: 59
The seller of the property was Ephraim Landau. On the buyer's side, the property was purchased by Prana Investment, represented by Neil McKinnon from 415-543-1106.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93