Elliot Meisenberg Acquires Commercial Property On Cromwell Avenue, Bronx For $4.4M
1309-1317 Cromwell Avenue, The Bronx, New York 10452, United States
$4,400,000
$236/SF
Building Size
18,639 SF
Asset Type
Commercial
Closing
Jun 20, 2022
AI
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
Bronx 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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93