$2.8M Commercial Sale On 305 E 182nd St, Bronx NY With Meridian Capital & Ariel Advisors
305 E 182nd St, Bronx, NY, 10457
$2,800,000
Building Size
—
Asset Type
Commercial
Closing
Nov 20, 2023
AI
The property involved in this transaction is a four-story, 240-space parking facility located at 305 East 182nd Street, Bronx, NY, 10457. The commercial asset was sold for $2,800,000.00 in the Bronx market. The property is zoned for 35,000 buildable square feet of commercial space and 17,000 buildable square feet of residential space.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $2,800,000.00
- Address: 305 E 182nd St, Bronx, NY, 10457
- Market: Bronx
- Seller's Rep: Jason Goldy (Meridian Capital Group), Michael Tortorici (Ariel Property Advisors)
Jason Gold, Marko Agbaba, and Michael Tortorici of Ariel Property Advisors played a crucial role in this deal. They represented the seller and facilitated the transaction with the undisclosed buyer. The property, with its commercial and residential buildable square feet, attracted the attention of potential investors in the Fordham Heights neighborhood of The Bronx.
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93