Ignacio Castillo Acquires Mixed-Use Property On West Kingsbridge Road For $16.25M
135 W Kingsbridge Rd, The Bronx, NY 10468, USA
$16,250,000
$20/SF
Building Size
790,000 SF
Asset Type
Mixed-use
Closing
Jun 18, 2019
About this deal
AI
The mixed-use property located at 135-145 West Kingsbridge Road in the Bronx, specifically in the Kingsbridge Heights/Jerome Park area, has been sold in a closed transaction. The property encompasses a total of 79,000 square feet. The transaction was completed on June 19, 2019, with a purchase price of $16,250,000, resulting in a price per square foot of $206.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $16,250,000
- Address: 135-145 West Kingsbridge Road
- Market: Bronx, Kingsbridge Heights/Jerome Park
- Square Footage: 79,000
- Price per Square Foot: $206
The buyer of the property is Ignacio Castillo, while the seller is The Morgan Group represented by Scott Morgan. The transaction was facilitated by the brokers Aaron Jungreis from AaronJungreis and Daniel Mahoney from Rosewood Realty Group NY.
On the Map
$16,250,000
$20/SF
Mixed-use
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New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93