Timothy McKenna Acquires Office Property In Unionport, Bronx For $9.2M
SOLD
$9,200,000
New York
See Similar DealsOffice21,210 SF
Sold 12/17/2021
SOLD
Timothy McKenna Acquires Office Property In Unionport, Bronx For $9.2M
2500 Waterbury Avenue, The Bronx, New York 10462, United States
See Similar DealsOffice21,210 SF
Sold 12/17/2021
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$433
Total Square Footage:21,210 SF
Transaction Type:Sale
The office property located at 2500 Waterbury Avenue in Unionport, Bronx has been sold for a total price of $9,200,000. The property has a building square footage of 21,210 and a price per square foot of $434. The sale took place on December 17, 2021. The property is zoned as M1-1 and falls under tax class 4. The lot size is 28,589 and the FAR is 0.74. The previous sale of the property was recorded on December 5, 2014, with a sale price of $0. The lot dimensions are 269.38 ft x 106.08 ft.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $9,200,000
- Market: Unionport, Bronx
- Zoning: M1-1
- Building Square Footage: 21,210
- Price per Square Foot: $434
- Tax Class: 4
- Lot Size: 28,589
- Last Sale Price: $0 (12/05/2014)
- Lot Dimensions: 269.38 ft x 106.08 ft
The buyer of the property is Timothy McKenna, while the seller is Joseph Dedona III.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$490,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32
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