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
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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