facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Sale

/

2500 Waterbury Avenue, The ...

Timothy McKenna Acquires Office Property In Unionport, Bronx For $9.2M
SOLDOffice

Timothy McKenna Acquires Office Property In Unionport, Bronx For $9.2M

2500 Waterbury Avenue, The Bronx, New York 10462, United States

$9,200,000

$433/SF

Building Size

21,210 SF

Asset Type

Office

Closing

Dec 16, 2021

AI

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.

Players

Timothy E. Mckenna

Buyer

$60.4M

vol

6 deals

Buyer

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.72%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93