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575 East 137th Street, The ...

Arthur Gabriel Acquires Other Residential Property In Mott Haven, Bronx For $3.25M
SOLDCo-Op

Arthur Gabriel Acquires Other Residential Property In Mott Haven, Bronx For $3.25M

575 East 137th Street, The Bronx, New York 10454, United States

$3,250,000

$295,454/SF

Building Size

11 SF

Asset Type

Co-Op

Closing

Jan 12, 2022

AI

The property located at 575 East 137th Street in Mott Haven, Bronx has been sold. The asset is categorized as Other Residential and falls under the zoning R6, C1-4. The property spans a lot size of 2,500 square feet with dimensions measuring 25 ft x 100 ft. It consists of a total square footage of 11,870, with a building square footage of 6,073. The sale took place on December 1, 2022, and the property was sold for a price of $3,250,000. The price per building square footage is $535, and the price per square footage is $273. The floor area ratio (FAR) is 4.75, and the property is classified under tax class 2. The permits for alteration 2 were issued on June 28, 2019.

Summary of transaction details:

  • Property Type: Other Residential
  • Transaction Amount: $3,250,000
  • Market: Mott Haven, Bronx
  • Buyer: Arthur Gabriel
  • Seller: James Thomson
  • Building Square Footage: 6,073
  • Price per Building Square Footage: $535
  • Total Square Footage: 11,870
  • Price per Square Footage: $273
  • Lot Size: 2,500 square feet
  • Zoning: R6, C1-4
  • Permits: Alteration 2 (06/28/2019)
  • Lot Dimensions: 25 ft x 100 ft

The buyer in this transaction is Arthur Gabriel, while the seller is James Thomson. No additional information is available about the deal's key individuals or companies.

Players

Arthur Gabriel

Chateau Gabriel Group

Broker

$58.1M

vol

5 deals

Broker

Arthur Gabriel

Buyer

$58.1M

vol

5 deals

Buyer

Bronx Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.88%

Cash-on-Cash

-1.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93