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Timothy E McKenna Acquires Garage In Unionport, Bronx For $7M

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SOLD
$7,000,000

New York

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Other13,881 SF
Sold 05/17/2021
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SOLD

Timothy E McKenna Acquires Garage In Unionport, Bronx For $7M

1108 Zerega Avenue, East Bronx, Bronx, NY, USA

See Similar Deals
Other13,881 SF
Sold 05/17/2021
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Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$504
Total Square Footage:13,881 SF
Transaction Type:Sale

The property at 1108 Zerega Avenue in Unionport, Bronx has been sold for $7,000,000. This garage, situated on a lot size of 28,314 square feet, offers a building square footage (BSF) of 28,328. The price per building square foot (PPBSF) is $247. The property also includes 13,881 square feet of space, with a price per square foot (PPSF) of $504. Its zoning designation is M1-1, allowing for various industrial uses. The previous sale of this property occurred on February 27, 2004, at a price of $340,000. A new building permit was issued on January 20, 2005. The lot dimensions are 123 ft x 155 ft.

Summary of transaction details

  • Property Type: Garage
  • Transaction Amount: $7,000,000
  • Market: Unionport, Bronx
  • Buyer: Timothy E McKenna
  • Seller: James Pullum Jr
  • BSF: 28,328
  • PPBSF: $247
  • SF: 13,881
  • PPSF: $504
  • FAR: 0.49
  • Tax Class: 4
  • Lot Size: 28,314
  • Last Sale Price: $340,000 (2/27/2004)
  • Permits: New building (01/20/2005)
  • Lot Dimensions: 123 ft x 155 ft

Timothy E McKenna has acquired the property at 1108 Zerega Avenue from James Pullum Jr. McKenna represented the buyer in this transaction.

Players

6 deals$60.4M volume
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Details

SOLD
IMAGE: 05/17/2021 ADDRESS: 1108 Zerega Avenue MARKET: Unionport,Bronx ASSET TYPE: Garage ~ ZONING: M1-1 BUYER: Timothy E McKenna SELLER: James Pullum Jr PRICE: $7,000,000 BSF: 28,328 ~ PPBSF: $247 SF: 13,881 ~ PPSF: $504 FAR: 0.49 TAX CLASS: 4 LOT SIZE: 28,314 LAST SALE PRICE: $340,000 (2/27/2004) PERMITS: New building (01/20/2005) LOT DIMENSIONS: 123 ft x 155 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
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