Brendan McIntee Acquires Commercial Property In Unionport, Bronx For $75.75M
1170 Commerce Avenue, The Bronx, New York 10462, United States
$75,750,000
$736/SF
Building Size
102,860 SF
Asset Type
Commercial
Closing
Apr 27, 2022
AI
A commercial property located at 1170 Commerce Avenue in Unionport, Bronx, has been sold in a recent transaction. The property is classified as commercial and falls under the M1-1 zoning category. The buyer of the property is Brendan McIntee, while the seller is Bradford S Barr. The transaction took place on April 28, 2022, and the sale price was $75,750,000.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $75,750,000
- Market: Unionport, Bronx
- Built Square Feet (BSF): 139,000
- Price Per Built Square Feet (PPBSF): $544
- Square Feet (SF): 102,860
- Price Per Square Foot (PPSF): $736
- Floor Area Ratio (FAR): 0.74
- Tax Class: 4
- Lot Size: 139,000
- Last Sale Price: $11,100,000 (12/20/2004)
- Permits: Alteration 2 (09/14/2017)
- Lot Dimensions: 445.33 ft x 360 ft
In this transaction, Brendan McIntee represented the buyer, and Bradford S Barr represented the seller. The property's lot size is 139,000 square feet, and it had a previous sale price of $11,100,000 in December 2004. The property also received an alteration permit on September 14, 2017. The lot dimensions are 445.33 ft x 360 ft.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93