Updated Oct 28, 2024
GS Humane Corporation Sells Development Site In Mott Haven For $21.2M
350 Grand Concourse, West Bronx, Bronx, NY, USA
$21,200,000
$114/SF
Building Size
186,000 SF
Asset Type
Development Site
Closing
Nov 17, 2021
About this deal
AI
The development site located at 350 Grand Concourse in Mott Haven has been sold for a total price of $21,200,000. The property, with a zoning classification of C6-2A, is a development site with a total buildable square footage (BSF) of 186,000 as-of-right. The lot dimensions measure 311.95 feet by 100 feet. The sale transaction was completed on November 17, 2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $21,200,000
- Market: Mott Haven
- Zoning: C6-2A
- BSF: 186,000
- PPBSF: $113
The seller of the property was GS Humane Corporation. The seller's representatives involved in the deal were Chris Brodhead, Mitchel Flaherty, David Simone, and Nikola Cosic, who represent 6RealEstate & Concourse Realty Partners.
Players
Bronx Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93