Kevin Kearns Acquires School In Mott Haven For $12.3M From Rosemawr Management - Gregory Shlionsky
SOLD
$12,292,086
New York
See Similar DealsOther14,410 SF
Sold 12/22/2020
SOLD
Kevin Kearns Acquires School In Mott Haven For $12.3M From Rosemawr Management - Gregory Shlionsky
370 Gerard Avenue, West Bronx, The Bronx, NY, USA
See Similar DealsOther14,410 SF
Sold 12/22/2020
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$853
Total Square Footage:14,410 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$655,577.92
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,671.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,270.76
Annual Debt Service$699,249.11
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