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Andrew Impagliazzo Acquires Office Building At 2128 Westchester Avenue In Bronx For $1.5M

Property Image
SOLD
$1,800,000
Joseph Smith
+ 1

New York

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Office9,600 SF
Sold 05/17/2019
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Property Image
SOLD

Andrew Impagliazzo Acquires Office Building At 2128 Westchester Avenue In Bronx For $1.5M

2128 Westchester Avenue, Bronx, NY 10462

See Similar Deals
Office9,600 SF
Sold 05/17/2019
Joseph Smith
+ 1
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$187
Total Square Footage:9,600 SF
Transaction Type:Sale

The property involved in this transaction is an office located at 2128 Westchester Avenue in Bronx. The asset spans a total area of 9,600 square feet. The property was sold on May 17, 2019.

Summary of transaction details

  • Property Type: Office
  • Sale Price: $1,500,000
  • Gross Income: $97,644
  • Asking Price: $1,800,000
  • Price per Square Foot: $156

The seller in this transaction was Eli Tabak Bluestone, while the buyer was Andrew Impagliazzo. The brokers representing the deal were Richard Guarino and Joseph Smith from Friedman Roth Realty Services.

Players

Joseph Smith
11 deals$46M volume(917) 806-0310
BROKER

Richard Guarino
Friedman-Roth Realty
51 deals$293.6M volume
BROKER


Eli Tabak
4 deals$23.7M volume
SELLER

Eli Tabak
4 deals$23.7M volume
SELLER

Details

SOLD
IMAGE: Richard Guarino &  Joseph Smith DATE: 05/17/2019 ADDRESS: 2128 Westchester Avenue MARKET: Bronx ASSET TYPE: Office SELLER: Eli Tabak Bluestone BUYER: Andrew Impagliazzo BROKERS: Richard Guarino & Joseph Smith - Friedman Roth Realty Services ASKING PRICE: $1,800,000 SALE PRICE: $1,500,000 SF: 9,600 ~ PPSF: $156 GROSS INCOME: $97,644

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02