Steven Chera Acquires Development Site In Bronx For $5.45M With Mitchel Flaherty - B6 Real Estate
SOLD
$5,450,000
+ 1
New York
See Similar DealsIndustrial5,852 SF
Sold 12/31/2021
SOLD
Steven Chera Acquires Development Site In Bronx For $5.45M With Mitchel Flaherty - B6 Real Estate
1940 Jerome Avenue, The Bronx, New York 10453, United States
See Similar DealsIndustrial5,852 SF
Sold 12/31/2021
+ 1
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$931
Total Square Footage:5,852 SF
Transaction Type:Sale
A development site located at 1940-1942 Jerome Avenue in the Bronx has been sold for a total price of $5,450,000. The property has a lot size of 126 ft x 100 ft. The transaction was completed on 12/31/2021 and the buyer of the property is Steven Chera.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $5,450,000
- Lot Size: 126 ft x 100 ft
- Date: 12/31/2021
- Buyer: Steven Chera
The deal was facilitated by Mitchel Flaherty from B6 Real Estate. Mitchel Flaherty represented Steven Chera in the transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$290,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,362.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,835.78
Annual Debt Service$310,029.37
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