Alicia Johnson Acquires Office Building In Fordham For $12.75M
SOLD
$12,750,000
New York
See Similar DealsOffice190,000 SF
Sold 08/20/2020
SOLD
Alicia Johnson Acquires Office Building In Fordham For $12.75M
2720 Jerome Ave, The Bronx, NY 10468, USA
See Similar DealsOffice190,000 SF
Sold 08/20/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$67
Total Square Footage:190,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$679,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,298.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,441.50
Annual Debt Service$725,298.06
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