Scott Barone Acquires Melrose Office Building For $14M
355 East 149th Street, The Bronx, New York 10455, United States
$14,000,000
$472/SF
Building Size
29,640 SF
Asset Type
Office
Closing
Apr 19, 2022
About this deal
AI
Located at 355 East 149th Street in the Melrose neighborhood, an office building has been sold in a recent transaction. The property spans a total area of 29,640 square feet and was purchased for a total of $14,000,000, resulting in a price per square foot of $472.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $14,000,000
- Address: 355 East 149th Street
- Market: Melrose
- Square Footage: 29,640
The buyer of the office building is Scott Barone, while the seller is Iris Nelson-Schwartz.
On the Map
$14,000,000
$472/SF
Office
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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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93