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Casablanca Property Owner LLC Acquires Bronx Property From Societe D’Exploitation Agricole C-I For $4.9M

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SOLD
$4,900,000

New York

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MultiFamily9,335 SF
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SOLD

Casablanca Property Owner LLC Acquires Bronx Property From Societe D’Exploitation Agricole C-I For $4.9M

141 E 140th St, Bronx, NY, 10451

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MultiFamily9,335 SF
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$524
Total Square Footage:9335 SF
Transaction Type:Sale

The property asset involved in the transaction is located at 141 E 140th St, Bronx, NY, 10451. The transaction price for this asset was $4,900,000.00, and the total square footage of the property is 9,335. The market for this property is Bronx.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $4,900,000.00
  • Address: 141 E 140th St, Bronx, NY, 10451
  • Market: Bronx
  • Seller: Societe D’Exploitation Agricole C-I, LLC
  • Buyer: Casablanca Property Owner LLC
  • Seller's Representative: Donna Fakiris - Pomme Group Real Estate Corp.

The transaction involved significant participation from the buyer, Casablanca Property Owner LLC, and the seller, Societe D’Exploitation Agricole C-I, LLC. The representation was conducted by Donna Fakiris from Pomme Group Real Estate Corp., who acted on behalf of the seller during the deal.

Players

1 deal$4.9M volume(917) 559-1671
BROKER

Capital Property Partners
BROKERAGE



Details

SOLD
IMAGE: 141 E 140th St, Bronx, NY, 10451 MARKET: Bronx SELLER'S REP: Donna Fakiris -Pomme Group Real Estate Corp. BUYER: Casablanca Property Owner LLC SELLER: Societe D’Exploitation Agricole C-I, LLC PRICE: $4,900,000.00 SF: 9335

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$261,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00