Bronx Package Deal Sold For $9.65M With Alpha Realty Brokers Lev Mavashev & Yehuda Leser
1124 Stratford Avenue, Bronx, NY 10472
$9,650,000
$140/SF
Building Size
68,592 SF
Asset Type
—
Closing
Dec 23, 2021
AI
The package deal at 1124 Stratford Ave. & 643 Southern Blvd. in Bronx has been sold for $9,650,000. The transaction took place on December 23, 2021. The property spans approximately 68,592 square feet, resulting in a price per square foot of $140. The seller of this package deal was The Kawit Family.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $9,650,000
- Address: 1124 Stratford Ave. & 643 Southern Blvd., Bronx
- Market: Bronx
- Square Footage: 68,592
- Price per Square Foot: $140
The brokerage representation for this sale was provided by Lev Mavashev and Yehuda Leser of Alpha Realty.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93