Kevin Kearns Acquires School In Mott Haven For $12.3M From Rosemawr Management - Gregory Shlionsky
370 Gerard Avenue, West Bronx, The Bronx, NY, USA
$12,292,086
$853/SF
Building Size
14,410 SF
Asset Type
Other
Closing
Dec 21, 2020
AI
The property located at 370 Gerard Avenue in Mott Haven has been sold for $12,292,086. The asset is a school and spans 14,410 square feet, resulting in a price per square foot of $853. The property is zoned as M1-4/R6A, MX-13.
Summary of transaction details
- Property Type: School
- Transaction Amount: $12,292,086
- Address: 370 Gerard Avenue
- Market: Mott Haven
- Zoning: M1-4/R6A, MX-13
The buyer of the property is Kevin Kearns, while the seller is Rosemawr Management represented by Gregory Shlionsky. The previous sale of the property took place on November 2019 for $10,805,471.
Players
Bronx Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93