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6161 Broadway, West Bronx, ...

Updated Dec 21, 2023

Baki Celaj Acquires Garage In Fieldston, Bronx For $5.2M
SOLDOther

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

Bronx Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Deal FAQ

About $4.1K per square foot on a published $5.2M for 1,258 square feet (2021).

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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

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