Concourse Realty Brokers $20M Package Deal Sale In New York City
1351 Jerome Avenue, The Bronx, New York 10452, United States
$20,000,000
$357,142/SF
Building Size
56 SF
Asset Type
—
Closing
Jan 3, 2023
About this deal
AI
The package deal involving the properties at 1351 Jerome Avenue and 1342 Inwood Avenue in New York City has been finalized. The transaction was facilitated by David Simone from Concourse Realty. The sale price for the package deal amounted to $20,000,000. The total square footage of the properties is 56,250, resulting in a price per square foot of $356.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $20,000,000
- Address: 1351 Jerome Avenue & 1342 Inwood Avenue, New York City
- Market: New York City
- Broker: David Simone - Concourse Realty
- Square Footage: 56,250
- Price per Square Foot: $356
David Simone, representing Concourse Realty, played a pivotal role in the successful completion of this transaction. The package deal, consisting of 1351 Jerome Avenue and 1342 Inwood Avenue, aligns with the market value and boasts a square footage of 56,250. This significant real estate deal demonstrates the expertise of the professionals involved and highlights the strong market demand in New York City.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93