Cotaj Family Acquires Mixed-Use Property In Pelham Bay For $4.7M
SOLD
$4,700,000
New York
See Similar DealsMixed-use25,200 SF
Sold 06/24/2022
SOLD
Cotaj Family Acquires Mixed-Use Property In Pelham Bay For $4.7M
2820 Middletown Road, The Bronx, New York 10461, United States
See Similar DealsMixed-use25,200 SF
Sold 06/24/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$186
Total Square Footage:25,200 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$250,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,280.40
Annual Debt Service$267,364.77
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