Andrew Impagliazzo Acquires Office Building At 2128 Westchester Avenue In Bronx For $1.5M
2128 Westchester Avenue, Bronx, NY 10462
$1,800,000
$187/SF
Building Size
9,600 SF
Asset Type
Office
Closing
May 16, 2019
AI
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
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93