Maddd Equities Acquires Office In Bronx, New York For $44M. JLL Represents Buyer And Sellers
SOLD
$44,000,000
+ 1
New York
See Similar DealsOffice235,000 SF
Sold 03/03/2023
SOLD
Maddd Equities Acquires Office In Bronx, New York For $44M. JLL Represents Buyer And Sellers
825 East 141st Street
See Similar DealsOffice235,000 SF
Sold 03/03/2023
+ 1
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$187
Total Square Footage:235,000 SF
Transaction Type:Sale
An office property located at 825 E 141st Street in Bronx, New York has been sold for a total price of $44,000,000. The property spans across 235,000 square feet, resulting in a price per square foot of $187. The transaction took place on March 3, 2023.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $44,000,000
- Address: 825 E 141st Street, Bronx, New York
- Square Footage: 235,000
- Price Per Square Foot: $187
- Market: Bronx, New York
The buyer of the property was Maddd Equities, while the sellers were Altmark Group, Bluestone Group, and Galil Management. The deal was facilitated by the brokers Steven Rutman, Harry Hochman, Vickram Jambu, Andrew Scandalios, and Luca Cobucci from JLL.
Players
BUYER
SELLER
SELLER
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$156,322.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$208,582.45
Annual Debt Service$2,502,989.37
Is there something missing? Send suggestions