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1618 Benson St, The Bronx, ...

Updated Oct 29, 2024

SKYC Management Acquires Mixed-Use Property In Bronx For $4.55M
SOLDMixed-use

SKYC Management Acquires Mixed-Use Property In Bronx For $4.55M

1618 Benson St, The Bronx, NY 10461, USA

Building Size

20,930 SF

Asset Type

Mixed-use

Closing

Jan 10, 2018

About this deal

AI

The mixed-use property located at 1618 Benson Street in the Bronx, New York, has been sold in a closed transaction. The property spans 20,930 square feet and was sold for a price of $4,550,000, resulting in a price per square foot of $217. The deal was represented by Cushman and Wakefield’s Guthrie Garvin and Karl Brumback.

Summary of transation details

  • Property Type: Mixed-Use
  • Transaction Amount: $4,550,000
  • Address: 1618 Benson Street, Bronx, New York
  • Square Footage: 20,930 sq ft
  • Price per Square Foot: $217

Blue Seal, the seller of the property, closed the deal with SKYC Management as the buyer. Cushman and Wakefield’s Guthrie Garvin and Karl Brumback played a crucial role in representing the parties involved in the transaction.

Players

Karl Brumback

JLL

Broker

$388.3M

vol

25 deals

Broker

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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