APG Holding Acquires Property From Mega Group At 2558 Marion Ave Bronx For $600,000
2558 Marion Ave, Bronx, NY, 10458
$600,000
$122/SF
Building Size
4,900 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is situated at 2558 Marion Ave, Bronx, NY, 10458. It encompasses a total square footage of 4,900 and was sold for a price of $600,000. This property falls within the Bronx market.
Summary of transation details:
- Property Type: Sale
- Transaction Amount: $600,000.00
- Address: 2558 Marion Ave, Bronx, NY, 10458
- Market: Bronx
- Seller: Mega Group
- Buyer: APG Holding
- Seller's Representative: Kathy Zamechansky
Kathy Zamechansky represented the seller, Mega Group, in this transaction, facilitating the sale to buyer APG Holding. This transaction reflects a strategic initiative among the companies involved to accomplish their respective objectives within the market.
Players
Bronx 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
26.44%
Cash-on-Cash
-7.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93