Baki Celaj Acquires Garage In Fieldston, Bronx For $5.2M
6161 Broadway, West Bronx, Bronx, NY, USA
$5,200,000
$4,133/SF
Building Size
1,258 SF
Asset Type
Other
Closing
Mar 11, 2021
About this deal
AI
The property involved in this transaction is a garage located at 6161 Broadway, in the Fieldston neighborhood of Bronx. The property is zoned for R6 and C2-2 use, and it spans a lot size of 13,975 square feet. The last recorded sale of the property was on February 27, 2017, for a price of $3,100,000. The property has a total building square footage (BSF) of 33,959, with a price per BSF of $153. The building itself measures 1,258 square feet, resulting in a price per square foot (PPSF) of $4,133. The floor area ratio (FAR) is 0.09, and the tax class is 4. Permits for alteration type 2 were issued on November 22, 2019. The lot dimensions are 175 feet by 100 feet.
Summary of transaction details
- Property Type: Garage
- Transaction Amount: $5,200,000
- Market: Fieldston, Bronx
- Buyer: Baki Celaj
- Seller: Aftab Hussain
In this transaction, Baki Celaj acquired the property at 6161 Broadway from Aftab Hussain for a price of $5,200,000. Baki Celaj was represented by their broker, while Aftab Hussain may also have been represented by their own broker. The transaction marks a significant increase in value compared to the property's last sale in 2017.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93