David Kaye & Joe Listhaus, Peter Hungerford, And Shlomo Tajerstein Acquire Multifamily Portfolio For $33.6M In Bronx
Tudor Pl, The Bronx, NY 10452, USA
$33,600,000
$106/SF
Building Size
314,590 SF
Asset Type
MultiFamily
Closing
Dec 2, 2022
AI
The multifamily property located at 111 Tudor Place, 112-114 Tudor Place, 117-119 Tudor Place, 1170 Walton Ave., 1176 Walton Ave., and 309 East 164th St. in Bronx has been sold in a transaction. The property features a total of 297 units, with a price per unit of $113,131, and a total square footage of 314,590. The sale price for the property was $33,600,000, with a price per square foot of $107.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $33,600,000
- Units: 297
- Price per Unit: $113,131
- Square Footage: 314,590
- Price per Square Foot: $107
- Market: Bronx
The buyers in this transaction were David Kaye, Joe Listhaus of Rockledge, Peter Hungerford of PH Realty Capital, and Shlomo Tajerstein. The sellers were The Leeds Family. The deal was facilitated by brokers Vic Sozio, Daniel Mahfar, Jason M. Gold, and Shimon Shkury of Ariel Property Advisors.
Players
New York 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93