Updated Dec 18, 2023
William L. Green Acquires Commercial Property In Westchester Village, Bronx For $9M
55 Westchester Square, The Bronx, NY 10461, United States
$9,000,000
$313/SF
Building Size
28,667 SF
Asset Type
Commercial
Closing
Jul 4, 2022
About this deal
AI
The commercial property located at 55-61 Westchester Square, Westchester Village, Bronx, was sold on 07/05/2022. The property has a zoning of R6, C1-2, M1-1, and a tax class of 4. The transaction involved a total sale price of $9,000,000.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $9,000,000
- Address: 55-61 Westchester Square, Westchester Village, Bronx
- Market: Westchester Village, Bronx
- Zoning: R6, C1-2, M1-1
- Tax Class: 4
William L. Green purchased the property from Mitchell Benerofe. The property has a building square footage of 28,667 and a price per square foot of $313. Additionally, the lot size is 26,300 square feet, and the building has a total square footage of 63,909. The price per buildable square foot is $140. The property's floor area ratio (FAR) is 1.09.
Furthermore, the property received an alteration permit (Alteration 3) on 04/13/2017. The lot dimensions measure 30.5 feet by 178.5 feet.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Deal FAQ
Browse New York commercial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93