Ariel Property Advisors Brokers $19.1M Sale Of Mixed-Use Property In Longwood, Bronx
SOLD
$19,100,000
+ 2
New York
See Similar DealsMixed-use159,903 SF
Sold 09/29/2023
SOLD
Ariel Property Advisors Brokers $19.1M Sale Of Mixed-Use Property In Longwood, Bronx
950 Westchester Avenue
See Similar DealsMixed-use159,903 SF
Sold 09/29/2023
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$119
Total Square Footage:159,903 SF
Transaction Type:Sale
A mixed-use property located at 950 Westchester Avenue in the Longwood neighborhood of the Bronx has been sold for a total price of $19,100,000. This property spans a total square footage of 159,903, with an average price per square foot of $119. The transaction involved the sale of 120 units, with an average price per unit of $159,167.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $19,100,000
- Square Footage: 159,903 sq ft
- Price per Square Foot: $119
- Address: 950 Westchester Avenue, Longwood, Bronx
- Number of Units: 120
- Price per Unit: $159,167
Ariel Property Advisors represented the sellers and buyers in this transaction. The brokers involved in the deal were Victor Sozio, Shimon Shkury, Jason M. Gold, Howard Raber, and Daniel Mahfar.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,018,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$67,858.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,543.74
Annual Debt Service$1,086,524.93
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