Updated Oct 29, 2024
Heatherwood Communities Acquires Warehouse And Development Site In Mott Haven For $16.8M
288 Walton Ave, The Bronx, NY 10451, USA
$16,800,000
$529/SF
Building Size
31,760 SF
Asset Type
Development Site
Closing
Nov 28, 2020
About this deal
AI
The property involved in this closed transaction is a warehouse and development site located at 288 Walton Ave in Mott Haven, Bronx, New York. The property has a total square footage of 31,760, with a buildable square footage of approximately 170,000. The transaction closed at a price of $16,800,000.
Summary of Transaction Details
- Property Type: Warehouse, Development Site
- Transaction Amount: $16,800,000
- Address: 288 Walton Ave
- Market: Mott Haven, Bronx
- City: New York
- Square Footage: 31,760
- Buildable Square Footage: 170,000 +/-
The seller of the property was Abraham Fruchthandler, representing FBE Limited. The buyer was Doug Patrick, from Heatherwood Communities. The transaction was facilitated by Nir Mor and Daniel Rahmani, brokers from Capital Property Partners.
On the Map
$16,800,000
$529/SF
Development Site
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93