Brendan McIntee Acquires Unionport Commercial Property From Bradford S Barr For $6M
1174 Commerce Avenue, The Bronx, New York 10462, United States
$6,000,000
$355/SF
Building Size
16,900 SF
Asset Type
Commercial
Closing
Apr 27, 2022
AI
The commercial property located at 1174 Commerce Avenue in Unionport, Bronx has been sold in a transaction that closed on April 28, 2022. The property is zoned as M1-1 and has a total building square footage (BSF) of 32,500. The price of the property was $6,000,000, which translates to a price per BSF (PPBSF) of $184. The total lot size is 32,500 square feet, with dimensions of 15.67 feet by 360 feet. The previous sale of the property took place on July 28, 2016, at a price of $2,800,000. An alteration permit was issued on November 1, 2011.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $6,000,000
- Market: Unionport, Bronx
- Zoning: M1-1
- Buyer: Brendan McIntee
- Seller: Bradford S Barr
- Price per Square Foot (PPSF): $355
- Square Feet (SF): 16,900
- Floor Area Ratio (FAR): 0.52
- Tax Class: 4
Brendan McIntee represented the buyer in this transaction, while Bradford S Barr represented the seller.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93