Updated Oct 29, 2024
Good News Manhattan Church Acquires Mixed-Use Property On Lincoln Avenue, Bronx For $7M
171 Lincoln Avenue
$7,000,000
$391/SF
Building Size
17,904 SF
Asset Type
MultiFamily
Closing
Jan 25, 2023
About this deal
AI
The mixed-use property located at 171 Lincoln Avenue in Bronx has been sold in a recent transaction. The property spans across 17,904 square feet and includes a combination of residential and commercial spaces. The sale price for this transaction was $7,000,000, resulting in a price per square foot of $391.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $7,000,000
- Address: 171 Lincoln Avenue
- Market: Bronx
- Square footage: 17,904
The buyer in this transaction is Good News Manhattan Church, while the seller is Angie Ortega. Valon Nikci from Link NY Realty represented both parties as the broker.
On the Map
$7,000,000
$391/SF
MultiFamily
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Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93