RW Real Estate Group Acquires Office Building In Mott Haven, Bronx For $4.5M
SOLD
$4,500,000
New York
See Similar DealsOffice16,392 SF
Sold 04/17/2019
SOLD
RW Real Estate Group Acquires Office Building In Mott Haven, Bronx For $4.5M
370 East 149th Street, Bronx, NY 10455, USA
See Similar DealsOffice16,392 SF
Sold 04/17/2019
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$274
Total Square Footage:16,392 SF
Transaction Type:Sale
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
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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