Nitsan Barlev Acquires Mixed-Use Property In Mott Haven, Bronx For $1.32M
454 East 138th Street, Bronx, NY 10454
$1,320,000
$440/SF
Building Size
3,000 SF
Asset Type
Mixed-use
Closing
Oct 16, 2018
About this deal
AI
A mixed-use property located at 454 E 138th Street in Mott Haven, Bronx, was recently sold for a price of $1,320,000. The property covers an area of 3,000 square feet and has a price per square foot of $440. It consists of 7 residential units.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,320,000
- Market: Mott Haven, Bronx
- Date: 10/17/2018
- Seller: Joel Wertzberger
- Buyer: Nitsan Barlev
- Seller's Broker: Westwood Realty Associates - Steven Vegh
- Units: 7 (Resi)
- Note: Delivered vacant
The deal was facilitated by Steven Vegh from Westwood Realty Associates, who represented both parties in the transaction.
Players
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
12.02%
Cash-on-Cash
-3.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93