GLS Bronx Holdings Acquires Office On 174 E. 205th St. For $5.45M
174 E 205th St, The Bronx, NY 10458, Estados Unidos
$5,450,000
$320/SF
Building Size
17,000 SF
Asset Type
Office
Closing
Nov 8, 2020
AI
A 17,000 square foot office property located at 174 E. 205th St. in Bronx has been sold for $5,450,000. The transaction took place on 11/09/2020. The property was purchased by GLS Bronx Holdings, represented by Dr. Sergey Voskin. The seller, Dr. Saeed Oraee, was represented by Michael Gilbert from Gilco Real Estate.
Summary of transation details
- Property Type: Office
- Transaction Amount: $5,450,000
- Address: 174 E. 205th St.
- Market: Bronx
- Square Footage: 17,000
- Price per Square Foot: $320
- Buyer: GLS Bronx Holdings - Dr. Sergey Voskin
- Seller: Sardy Realty - Dr. Saeed Oraee
- Broker: Michael Gilbert @GilcoRealEstate
Dr. Sergey Voskin represented GLS Bronx Holdings in the purchase of this office property. The seller, Dr. Saeed Oraee, was represented by Michael Gilbert from Gilco Real Estate. Both parties successfully closed the deal, resulting in the sale of the property for $5,450,000.
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
2.91%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93