Marino & Daisey Rosario Acquire Office Building In Bronx, Morris Park For $9.6M
1578 Williamsbridge Rd, The Bronx, NY 10461, USA
$9,600,000
$415/SF
Building Size
23,112 SF
Asset Type
Office
Closing
Jul 17, 2019
About this deal
AI
The office property located at 1578 Williamsbridge Road in Bronx, Morris Park has been sold in a closed transaction. The property spans 23,112 square feet and was sold for a price of $9,600,000, resulting in a price per square foot of $415.37.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $9,600,000
- Square Footage: 23,112
- Price per Square Foot: $415.37
- Market: Bronx, Morris Park
The buyers of the property are Marino & Daisey Rosario, while the sellers are Prilep Properties – Mamudoski Family. R.A.S. Equity Partner represented the buyers in the transaction with Richard Torres and Jesse Cirolli as their representatives. On the other hand, the sellers were represented by Amit Doshi, Jonathan Shainberg, and Shallini Mehra.
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
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93