Lightstone Group Acquires Bronx Multifamily Buildings From Belmar Realty Corp. For $50.6M
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This MultiFamily property located in NY was sold for $50,600,000 about 6 years ago. The brokers of the deal were Joseph (Joe) Koicim, Seth Glasser, Peter Von Der Ahe, and Michael (Mike) Fusco
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- Location105 W 177th St, Mount Hope, New York, NY, USA
- Sale Price$50,600,000$194 PPSF
- Area260,000 SF
- Asset TypeMultiFamily
- Parties4 Brokers, 1 Agency
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Deal Summary
SALE
IMAGE: David Lichtenstein, Joe Koicim, Peter Von Der Ahe, Seth Glasser and Meir Milgraum
DATE: 03/23/2018
PACKAGE/ADDRESS: 105 W 177th St. in Mount Hope; 2151 Davidson Ave in University Heights; 831 Bartholdi St. in Williamsbridge; and 3520 Dekalb Ave in Norwood
CITY: New York
MARKET: Bronx
ASSET TYPE: Multifamily Buildings
SELLER: Belmar Realty Corp.
BUYER: Lightstone Group
BROKER: Peter Von Der Ahe, Seth Glasser, Michael Fusco, Joe Koicim - @newyorkmultifamily 🔥
PRICE: $50.6M
TOTAL SF: 260K sf ~ PPSF: $195
TOTAL UNITS: 266 ~ PPU: $190k
NOTES: 12.75x rent roll
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105 West 177th Street, 2151 Davidson Avenue , 831 Bartholdi Street & 3520 Dekalb Avenue
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