Donna Shavolian Acquires Miscellaneous Property In Tremont,Bronx For $6.24M
575 East Tremont Avenue, Tremont, Bronx, NY, USA
$6,240,000
$434/SF
Building Size
14,355 SF
Asset Type
Office
Closing
Nov 2, 2021
About this deal
AI
A miscellaneous property located at 575 East Tremont Avenue in the neighborhood of Tremont, Bronx has been sold for a transaction amount of $6,240,000. The property is zoned as C4-5X and has a building size of 50,610 square feet, resulting in a price per square foot of $123. The total lot size is 10,122 square feet with dimensions of 118 feet by 93.08 feet.
Summary of transaction details
- Property Type: Miscellaneous
- Transaction Amount: $6,240,000
- Zoning: C4-5X
- Building Size: 50,610 sq ft
- Price per Square Foot: $123
- Lot Size: 10,122 sq ft
- Lot Dimensions: 118 ft x 93.08 ft
The buyer of the property is Donna Shavolian and the seller is Anthony Furino Jr. The property was previously sold on April 28, 2008, for $0. The current sale represents a significant increase in value. The property's floor area ratio (FAR) is 1.42, and it is classified as tax class 4.
Players
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Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93