Barone Management Acquires Community Facility At 1332 Fulton Avenue Bronx For $5.4M
1332 Fulton Avenue
$5,400,000
$215/SF
Building Size
25,039 SF
Asset Type
Office
Closing
Apr 3, 2025
AI
The asset involved in this transaction is a Community Facility located at 1332 Fulton Avenue in the Bronx market. This property has a sale price of $5,400,000 and spans 25,039 square feet, translating to a price per square foot of $215.
Summary of transaction details:
- Property Type: Community Facility
- Transaction Amount: $5,400,000
- Address: 1332 Fulton Avenue
- Market: Bronx
- Square Footage: 25,039
- Price per Square Foot: $215
- Buyer: Barone Management
- Seller: Zach Lewis
- Brokers: Ben Tapper & Sean Slattery - Lee & Associates
Key individuals involved in the deal include Barone Management as the buyer and Zach Lewis as the seller. The transaction was facilitated by brokers Ben Tapper and Sean Slattery, representing Lee & Associates in the deal.
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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93