Maddd Equities Acquires Office In Bronx, New York For $44M. JLL Represents Buyer And Sellers
825 East 141st Street
$44,000,000
$187/SF
Building Size
235,000 SF
Asset Type
Office
Closing
Mar 3, 2023
About this deal
AI
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.
On the Map
$44,000,000
$187/SF
Office
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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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93