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
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93