PharmaLogic Holdings Acquires Office Building In Mott Haven, Bronx For $5.5M
390 Concord Avenue, The Bronx, New York 10454, United States
$5,500,000
$500,000/SF
Building Size
11 SF
Asset Type
Office
Closing
Oct 31, 2022
About this deal
AI
The property asset involved in this transaction is an office located at 390 Concord Avenue in Mott Haven, Bronx. The sale took place on 10/31/2022. The buyer, PharmaLogic Holdings, was represented by Steven Chilinski from their agency. The seller, Safeguard Chemical Corporation, was represented by Edward Piranian.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,500,000
- BSF: 37,496
- PPBSF: $147
- SF: 11,134
- PPSF: $494
This transaction involved key individuals such as Steven Chilinski representing the buyer, PharmaLogic Holdings, and Edward Piranian representing the seller, Safeguard Chemical Corporation.
Players
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93