KIPP NYC Acquires Industrial Property In Highbridge For $21.5M
SOLD
$21,500,000
New York
See Similar DealsIndustrial49,988 SF
Sold 07/15/2020
SOLD
KIPP NYC Acquires Industrial Property In Highbridge For $21.5M
1518 Macombs Rd, The Bronx, NY 10452, USA
See Similar DealsIndustrial49,988 SF
Sold 07/15/2020
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$430
Total Square Footage:49,988 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,146,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$76,384.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$101,920.97
Annual Debt Service$1,223,051.63
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