Timothy E McKenna Acquires Garage In Unionport, Bronx For $7M
1108 Zerega Avenue, East Bronx, Bronx, NY, USA
$7,000,000
$504/SF
Building Size
13,881 SF
Asset Type
Other
Closing
May 16, 2021
AI
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
Bronx Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93