RW Real Estate Group Acquires Office Building In Mott Haven, Bronx For $4.5M
370 East 149th Street, Bronx, NY 10455, USA
$4,500,000
$274/SF
Building Size
16,392 SF
Asset Type
Office
Closing
Apr 16, 2019
AI
The office property located at 370 E 149th St in Mott Haven, Bronx has been sold for a price of $4.5 million. The property spans 16,392 square feet, resulting in a price per square foot of $274. The transaction took place on April 17, 2019.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4.5 million
- Address: 370 E 149th St
- Market: Mott Haven, Bronx
- Square Footage: 16,392
- Price per Square Foot: $274
The seller of this property was SoBro Org., while RW Real Estate Group acted as the buyer. The deal was facilitated by Christopher Gillis, Jason Meister, and Marion Jones from Ackman Ziff.
Players
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93