Jack Guttman Acquires Commercial Property In Bronx, Hunts Point For $13M
1281 Viele Ave, The Bronx, NY 10474, USA
$13,000,000
$325/SF
Building Size
40,000 SF
Asset Type
Other
Closing
Sep 6, 2019
About this deal
AI
The commercial property located at 1281 Viele Avenue in Bronx, Hunts Point was recently sold in a closed transaction. The property spans a total of 40,000 square feet and was sold for a price of $13,000,000, resulting in a price per square foot of $325.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $13,000,000
- Square footage: 40,000
- Price per square foot: $325
- Address: 1281 Viele Avenue
- Market: Bronx, Hunts Point
The buyer of the property is Jack Guttman, while the seller is Michael J. Magnone.
New York 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93