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1170 Commerce Avenue, The B...

Brendan McIntee Acquires Commercial Property In Unionport, Bronx For $75.75M
SOLDCommercial

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

Bradford S Barr

BNS Real Estate

Broker

$101.3M

vol

4 deals

Broker

Brendan McIntee

Buyer

$81.8M

vol

2 deals

Buyer

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

Loading comparables…

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