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1108 Zerega Avenue, East Br...

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

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

Timothy E. Mckenna

Buyer

$60.4M

vol

6 deals

Buyer

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