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3103 Arlington Avenue, The ...

Updated Dec 21, 2023

Joelle Halperin Acquires Religious Structure In Spuyten Duyvil, Bronx For $3.75M
SOLDOther

Joelle Halperin Acquires Religious Structure In Spuyten Duyvil, Bronx For $3.75M

3103 Arlington Avenue, The Bronx, New York 10463, United States

$3,750,000

$405/SF

Building Size

9,240 SF

Asset Type

Other

Closing

Aug 7, 2022

About this deal

AI

The religious structure located at 3103 Arlington Avenue in the Spuyten Duyvil neighborhood of the Bronx has been sold. The transaction took place on August 8, 2022, with Joelle Halperin purchasing the property for a price of $3,750,000 from Joseph P. LaMorte. The religious structure spans a total of 9,240 square feet and has a price per square foot of $405. The building offers a total of 16,500 buildable square feet, resulting in a price per buildable square foot of $227. The lot on which the religious structure is situated spans 33,000 square feet with dimensions of 128 feet by 296 feet. The property falls under the R2 zoning category and is classified as a tax class 4 asset. A previous alteration permit was granted for the property on October 19, 2017.

Summary of transaction details

  • Property Type: Religious Structure
  • Transaction Amount: $3,750,000
  • Market: Spuyten Duyvil, Bronx
  • Buyer: Joelle Halperin
  • Seller: Joseph P. LaMorte
  • Square Footage: 9,240
  • Price per Square Foot: $405
  • Buildable Square Footage: 16,500
  • Price per Buildable Square Foot: $227
  • Zoning: R2
  • Lot Size: 33,000 square feet
  • Lot Dimension: 128 ft x 296 ft
  • Tax Class: 4
  • Permits: Alteration 2 (10/19/2017)

The sale of the property was a significant transaction in the Spuyten Duyvil market. Joelle Halperin acted as the buyer, while Joseph P. LaMorte represented the seller in the deal.

Players

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Deal FAQ

About $405 per square foot on a published $3.8M for 9,240 square feet (2022).

Browse New York other sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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