Sergey Voskin Acquires Office Building In Bedford Park For $5.45M
174 East 205th Street, The Bronx, NY, USA
$5,450,000
$321/SF
Building Size
16,946 SF
Asset Type
Office
Closing
Nov 8, 2020
About this deal
AI
The property involved in this transaction is an office located at 174 East 205 Street in Bedford Park. The property has a zoning classification of R8 and C1-3. The sale took place on November 9, 2020.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,450,000
- Address: 174 East 205 Street
- Market: Bedford Park
- Zoning: R8, C1-3
The buyer in this transaction is Sergey Voskin, while the seller is Saeed Oraee. The property was sold for a price of $5,450,000. The total building square footage is 19,469, resulting in a price per square foot of $279.
It is important to note that the last recorded sale of this property was for $465,000 in June 2008.
On the Map
$5,450,000
$321/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.91%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93