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2800 Bruckner Boulevard

Martin Handler Acquires Office Property In Throggs Neck, Bronx For $6.35M
SOLDOffice

Martin Handler Acquires Office Property In Throggs Neck, Bronx For $6.35M

2800 Bruckner Boulevard

$6,350,000

$317/SF

Building Size

20,000 SF

Asset Type

Office

Closing

Nov 4, 2021

AI

The office property located at 2800 Bruckner Boulevard in Throggs Neck, Bronx, has been sold in a closed transaction. The property has a zoning designation of R3A and spans a total of 20,812 square feet. It features a building with a total square footage (BSF) of 8,733, resulting in a price per square foot (PPSF) of $305. The transaction took place on November 5, 2021.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: $6,350,000
  • SF: 20,812
  • BSF: 8,733
  • PPSF: $305
  • Address: 2800 Bruckner Boulevard, Throggs Neck, Bronx
  • Zoning: R3A

Martin Handler acted as the buyer in this transaction, while Mark Bassani served as the seller. The property was sold for a price of $6,350,000. The lot size is 17,466 square feet, with a lot dimension of 201.36 feet by 87.33 feet. The property's floor area ratio (FAR) stands at 1.19, and it falls under tax class 4. The previous sale of the property occurred on January 22, 2018, with a sale price of $10,000,000.

Players

DJ Johnston

Matthews

Broker

$493.3M

vol

102 deals

Broker

Martin Handler

Buyer

$16.6M

vol

3 deals

Buyer

Bronx 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

2.50%

Cash-on-Cash

-0.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93