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
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