Muhammed Andha Acquires Office Building In Bronx For $3.265M
1451 Westchester Avenue, The Bronx, NY, USA
$3,265,000
$210/SF
Building Size
15,500 SF
Asset Type
Office
Closing
Mar 7, 2019
AI
Located at 1451 Westchester Ave., this office property in BX recently closed in a sale transaction. The deal was completed on 03/08/2019, with a sale price of $3.265 million. The property spans across 15,500 square feet, resulting in a price per square foot of $210. Gabe Libhart was the seller, while Muhammed Andha emerged as the buyer.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3.265M
- Square footage: 15,500 SF
- Price per square foot: $210
The brokers involved in this transaction were Ariel A. Castellanos and Federico Mazzeo from Pinnacle Realty. It is worth noting that there are plans to convert the property from an office space to a mixed-use office/retail space in the future.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.86%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93