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.
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