Updated Dec 19, 2023
Jorge A. Mendez Acquires Warehouse In Westchester Village For $3.8M
1420 Seabury Avenue, The Bronx, New York 10461, United States
$3,800,000
$370/SF
Building Size
10,264 SF
Asset Type
Industrial
Closing
Jan 26, 2022
About this deal
AI
A warehouse located at 1420 Seabury Avenue in Westchester Village, Bronx has been sold in a recent transaction. The property is zoned as M1-1 and offers a total building square footage (BSF) of 10,264. The sale price for this warehouse was $3,800,000, resulting in a price per square foot (PPSF) of $370.
Summary of transaction details
- Property Type: Warehouse
- Address: 1420 Seabury Avenue, Westchester Village, Bronx
- Market: Westchester Village, Bronx
- Asset Type: Warehouse
- Zoning: M1-1
- Buyer: Jorge A. Mendez
- Seller: Abraham Viera
- Transaction Amount: $3,800,000
- BSF: 10,264
- PPSF: $370
- SF: 10,264
- Tax Class: 4
- Lot Size: 10,264
- Lot Dimension: 121.97 ft x 87.63 ft
Jorge A. Mendez acted as the buyer in this transaction, while Abraham Viera served as the seller. The warehouse features a floor area ratio (FAR) of 1.00 and falls under tax class 4. With a lot size of 10,264, the property spans 121.97 feet by 87.63 feet.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93