Updated Dec 21, 2023
Daniel R. Garcia Acquires Commercial Property In Port Morris Bronx For $5.7M
909 East 135th Street, The Bronx, New York 10454, United States
$5,700,000
$322/SF
Building Size
17,675 SF
Asset Type
Industrial
Closing
Mar 23, 2022
About this deal
AI
The commercial property located at 909 East 135th Street in Port Morris, Bronx, was sold on March 24, 2022. The property is zoned as M3-1, indicating its commercial use.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $5,700,000
- Buyer: Daniel R. Garcia
- Seller: Errol Bier
- Building Square Footage (BSF): 35,494
- Price per BSF: $160
- Lot Size: 17,747
- Price per Square Foot (PPSF): $321
- Floor Area Ratio (FAR): 1.00
- Tax Class: 4
- Permits: Alteration 2 (03/11/2010)
- Lot Dimension: 101.41 ft x 175 ft
Daniel R. Garcia, represented by their broker, participated as the buyer in this transaction. The seller, Errol Bier, also had their own representative involved in the deal.
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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93