Royal Properties Acquires Office Building In Bronx For $3.3M
798 Southern Boulevard, Bronx, NY 10455
$3,300,000
$330/SF
Building Size
10,000 SF
Asset Type
Office
Closing
May 5, 2019
About this deal
AI
The office property located at 798 Southern Blvd in the Bronx has been sold for $3,300,000. Spanning across 10,000 square feet, this asset was sold at a price per square foot of $330. The transaction took place on 05/06/2019.
Summary of transation details
- Property Type: Office
- Transaction Amount: $3,300,000
- Address: 798 Southern Blvd, Bronx
- Market: Bronx
- Seller: 798 Southern Blvd LLC - Amit Vee
- Buyer: Royal Properties - Jack Bernath
- Brokers: Ariel Castellanos, Daniel Innocencio, Federico Mazzeo
The sale of this office property was facilitated by Ariel Castellanos, Daniel Innocencio, and Federico Mazzeo. The seller, 798 Southern Blvd LLC represented by Amit Vee, successfully closed the deal with the buyer, Royal Properties, represented by Jack Bernath.
On the Map
$3,300,000
$330/SF
Office
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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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93