Sharp Management Sells Bronx Package Deal For $40.25M With Brokers Shlomo Antebi, Yosef Katz & Erik Yankelovich
514 3rd Street, East Hampton, NY 11937, USA
$40,250,000
$229/SF
Building Size
175,562 SF
Asset Type
Other
Closing
Sep 28, 2021
About this deal
AI
A package deal consisting of multiple properties in the Bronx has been sold for a total price of $40,250,000. The properties included in the deal are located at 514, 518, 526 & 530-534 E. 138th St., 3007 & 3009 3rd Ave., 533, 537, 550 & 574 E. 139th St., and 801 Southern Blvd. The total square footage of the properties is 175,562, resulting in a price per square foot of $229. The seller of this package deal was Sharp Management.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $40,250,000
- Square Footage: 175,562
- Price per Square Foot: $229
- Market: Bronx
The brokers involved in this transaction were Shlomo Antebi, Yosef Katz, and Erik Yankelovich from Atlas Realty Group. They represented Sharp Management in the deal.
On the Map
$40,250,000
$229/SF
Other
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Players
East Hampton 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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93