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1309-1317 Cromwell Avenue, ...

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

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

Elliot Meisenberg

Buyer

$8.9M

vol

4 deals

Buyer

Bronx 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

3.61%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93