Joseph Simone Acquires Mixed-Use Property In Melrose, Bronx For $32M
459 East 149th Street, The Bronx, New York 10455, United States
$32,000,000
$393/SF
Building Size
81,336 SF
Asset Type
Mixed-use
Closing
Jan 12, 2022
AI
The property is located at 459 East 149 Street in Melrose, Bronx, and is classified as a mixed-use asset. The transaction was finalized for a price of $32,000,000, encompassing a total square footage of 81,336 with a price per square foot of $393. The zoning designation for the property is C4-4.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $32,000,000
- Address: 459 East 149 Street
- Market: Melrose, Bronx
- Square Footage: 81,336
- Price per Square Foot: $393
- Zoning: C4-4
- Buyer: Joseph Simone
- Seller: Evan Petracca
Joseph Simone acted as the buyer in this transaction, while Evan Petracca represented the seller. The deal confirms the involvement of these key individuals in the ownership transfer of the property situated in the Bronx.
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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93