Updated Oct 29, 2024
KIPP NYC Acquires Industrial Property In Highbridge For $21.5M
1518 Macombs Rd, The Bronx, NY 10452, USA
$21,500,000
$430/SF
Building Size
49,988 SF
Asset Type
Industrial
Closing
Jul 14, 2020
About this deal
AI
A 149,633 square-foot industrial property located at 1518 Macombs Road in Highbridge has been sold for $21,500,000. The property was previously owned by Macomb Parking Corp. and the buyer is KIPP NYC, represented by Alicia Johnson. The transaction price per square foot is $143.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $21,500,000
- Address: 1518 Macombs Road, Highbridge
- Market: Highbridge
- Buyer: KIPP NYC – Alicia Johnson
- Seller: Macomb Parking Corp. – Aranit Ahmetaj
- Building Square Footage: 149,633
Aranit Ahmetaj of Macomb Parking Corp. represented the seller in the deal. Additional details about the transaction, such as financing arrangements or specific terms, are not available.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93