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
About this deal
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.
On the Map
$9,200,000
$433/SF
Office
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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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93