Prana Investment Acquires Mixed-Use Property In Bronx For $12.9M
2150 Creston Ave, The Bronx, NY 10453, USA
Building Size
607,140 SF
Asset Type
Mixed-use
Closing
Mar 7, 2018
About this deal
AI
2150 Creston Avenue is a mixed-use property located in the Bronx, New York. The property was sold for $12,900,000, with a total area of 60,714 square feet. The price per square foot for this transaction was $212. The property consists of 54 units, with an average price per unit of $238,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $12,900,000
- Square Footage: 60,714
- Price Per Square Foot: $212
- Number of Units: 54
- Price Per Unit: $238,000
Prana Investment, represented by Neil McKinnon, acquired the property. Prana Investment is one of the most active buyers in the Bronx and is based in California.
Please note that PRANA, which is based in Cali, is one of the most active buyers in the Bronx.
On the Map
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93