facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

751 Dawson St, The Bronx, N...

Chestnut Holdings Acquires Mixed Use Property In Bronx For $3.51M
SOLDMixed-use

Chestnut Holdings Acquires Mixed Use Property In Bronx For $3.51M

751 Dawson St, The Bronx, NY 10455, USA

Building Size

23,032 SF

Asset Type

Mixed-use

Closing

Nov 28, 2020

AI

Located at 751 Dawson Street in New York's Bronx market, this mixed-use property was recently sold for a price of $3,510,000. Spanning an impressive 23,032 square feet, the property boasts a price per square foot of $153. The asset consists of 18 apartments and 2 retail spaces, with a per unit price of $175,500.

Summary of transation details

  • Property Type: Mixed use
  • Transaction Amount: $3,510,000
  • Square Footage: 23,032 sf
  • Price Per Square Foot: $153/sf
  • Units: 18 Apartments + 2 retail
  • Price Per Unit: $175,500

The seller of the property was Eduardo Rojas, while the buyer was Chestnut Holdings represented by Jonathan Weiner (@jhweiner). The deal was facilitated by brokers Friedman Roth's Josh Banilivy and Mark Singer, who represented both the buyer and the seller.

Players

Mark Singer

Friedman-Roth Realty

Broker

$3.3M

vol

3 deals

Broker
Jonathan Wiener

Jonathan Wiener

Chestnut Holdings

Buyer

$165.6M

vol

24 deals

Buyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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