Alicia Johnson Acquires Office Building In Fordham For $12.75M
2720 Jerome Ave, The Bronx, NY 10468, USA
$12,750,000
$67/SF
Building Size
190,000 SF
Asset Type
Office
Closing
Aug 19, 2020
About this deal
AI
The sale of an office property located at 2720 Jerome Avenue in Fordham has been finalized. This property, spanning 19,000 square feet, was sold on August 20, 2020, for a total price of $12,750,000. The price per square foot comes out to be approximately $671. The building has a buildable square footage of 132,440, which translates to a rate of $96 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $12,750,000
- Address: 2720 Jerome Avenue
- Market: Fordham
- Square Footage: 19,000
- Price per Square Foot: $671
- Buyer: Alicia Johnson
- Seller: Cristine Briguglio
The property is zoned as R8 and C2-3, with a tax class of 4. The lot size is 173.42 feet by 130 feet.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.24%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93