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370 East 149th Street, Bron...

RW Real Estate Group Acquires Office Building In Mott Haven, Bronx For $4.5M
SOLDOffice

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

Marion Jones

Broker

$344.9M

vol

6 deals

Broker
Real Estate Group
Real Estate GroupBuyer

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