Joseph Jemal Of ICER Properties Acquires Bronx Property From Sedgh Family For $21M
957 Woodycrest Ave, Bronx, NY, 10452
$21,000,000
$162/SF
Building Size
128,900 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property located at 957 Woodycrest Ave, Bronx, NY, 10452 was involved in a sale transaction. The market value for this property is noted as Bronx, and it encompasses a total square footage of 128,900. It was sold for a price totaling $21,000,000.00.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $21,000,000.00
- Address: 957 Woodycrest Ave, Bronx, NY, 10452
- Market: Bronx
- Seller: Sedgh Family
- Buyer: Joseph Jemal of ICER Properties
- Seller's Representative: Amit Doshi (Meridian Capital Group)
The transaction features Joseph Jemal representing ICER Properties as the buyer in this deal. Amit Doshi from Meridian Capital Group served as the representative for the seller, Sedgh Family, in this transaction.
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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93