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.
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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