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
$5,450,000
$931/SF
Building Size
5,852 SF
Asset Type
Industrial
Closing
Dec 31, 2021
AI
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
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
2.91%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93