Cotaj Family Acquires Mixed-Use Property In Pelham Bay For $4.7M
2820 Middletown Road, The Bronx, New York 10461, United States
$4,700,000
$186/SF
Building Size
25,200 SF
Asset Type
Mixed-use
Closing
Jun 23, 2022
About this deal
AI
A mixed-use property located at 2820 Middletown Rd in Pelham Bay has been sold for a price of $4,700,000. The property spans 25,200 square feet, resulting in a price per square foot of $186. The transaction took place on June 24, 2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,700,000
- Address: 2820 Middletown Rd
- Market: Pelham Bay
- Square Footage: 25,200
- Price per Square Foot: $186
The buyer of the property is the Cotaj Family. They were represented by Matthew Barbaccia from Brix Real Estate Advisors. Matthew Barbaccia acted as the broker for this transaction.
On the Map
$4,700,000
$186/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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93