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.
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