2598 Realty Corp. Sells Corner Medical Building In Mott Haven, Bronx For $5.25M
2598 Third Ave., The Bronx, NY 10454, USA
Building Size
85,000 SF
Asset Type
Other
Closing
Mar 26, 2018
About this deal
AI
A corner medical building with air rights located at 2598 Third Avenue in Mott Haven, Bronx has been sold for $5,250,000. The building spans 8,500 square feet and has a buildable square footage of 34,522. The price per buildable square footage is $152.
Summary of Transaction Details
- Property Type: Corner Medical Building
- Transaction Amount: $5,250,000
- Address: 2598 Third Avenue, New York
- Market: Mott Haven, Bronx
- Square Footage: 8,500 sf
- Buildable Square Footage: 34,522 sf
The seller of the property is 2598 Realty Corp. The deal was facilitated by their representative, Josh [...].
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93