Updated Dec 21, 2023
Jeffrey Plate Acquires Commercial Property In Mott Haven, Bronx For $3.2M
2805 Third Avenue, The Bronx, New York 10455, United States
$3,200,000
$675/SF
Building Size
4,740 SF
Asset Type
Commercial
Closing
Oct 28, 2021
About this deal
AI
The commercial property located at 2805 3rd Avenue in Mott Haven, Bronx has been sold. The transaction took place on October 29, 2021. The property is zoned as R6 and C2-4, allowing for various commercial uses. The buyer of the property is Jeffrey Plate, while James B. Ross is the seller. The sale price for the property is $3,200,000.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $3,200,000
- Building Square Footage (BSF): 12,123
- Price per Building Square Foot (PPBSF): $263
- Lot Size: 4,989 square feet
- Square Footage (SF): 4,740
- Price per Square Foot (PPSF): $675
- Floor Area Ratio (FAR): 0.95
- Tax Class: 4
- Permits: Alteration (12/28/2021)
- Lot Dimension: 83.42 ft x 69.36 ft
The property has a lot size of 4,989 square feet and a building square footage of 12,123. The price per building square foot is $263, while the price per square foot is $675. The property has a floor area ratio (FAR) of 0.95 and falls under tax class 4. Alteration permits were issued on December 28, 2021. The lot dimension measures 83.42 ft x 69.36 ft.
Please note that no additional information is available regarding financing, tenants, or any other transactions related to this property.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93