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Elliot Meisenberg Acquires Commercial Property On Cromwell Avenue, Bronx For $4.4M

Property Image
SOLD
$4,400,000

New York

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Commercial18,639 SF
Sold 06/21/2022
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Property Image
SOLD

Elliot Meisenberg Acquires Commercial Property On Cromwell Avenue, Bronx For $4.4M

1309-1317 Cromwell Avenue, The Bronx, New York 10452, United States

See Similar Deals
Commercial18,639 SF
Sold 06/21/2022
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Summary

NEW YORK
Asset Type:Commercial
Price Per Square Foot:$236
Total Square Footage:18,639 SF
Transaction Type:Sale

The commercial property located at 1309-1317 Cromwell Avenue in High Bridge, Bronx, was recently sold for a transaction amount of $4,400,000. The property is zoned as M1-2 and has a lot size of 10,964 square feet. The building has a total area of 18,639 square feet and a price per square foot of $236. The buyer of the property is Elliot Meisenberg, while the seller is David Chopko.

Summary of transaction details

  • Property Type: Commercial
  • Transaction Amount: $4,400,000
  • Address: 1309-1317 Cromwell Avenue
  • Market: High Bridge, Bronx
  • Zoning: M1-2
  • Buyer: Elliot Meisenberg
  • Seller: David Chopko
  • Lot Size: 10,964 square feet
  • Square Footage: 18,639
  • Price per Square Foot: $236

The property has a floor area ratio (FAR) of 1.70 and falls under tax class 4. The lot dimension measures 94.05 feet by 116.25 feet. Additionally, the property has a permit for alteration 2, issued on October 22, 2012.

Players

4 deals$8.9M volume
BUYER

Details

SOLD
IMAGE: 06/21/2022 ADDRESS: 1309-1317 Cromwell Avenue MARKET: High Bridge, Bronx ASSET TYPE: Commercial ~ ZONING: M1-2 BUYER: Elliot Meisenberg SELLER: David Chopko PRICE: $4,400,000 BSF: 21,928 ~ PPBSF: $200 SF: 18,639 ~ PPSF: $236 FAR: 1.70 TAX CLASS: 4 LOT SIZE: 10,964 PERMITS: Alteration 2 (10/22/2012) LOT DIMENSION: 94.05 ft x 116.25 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$234,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94