Thomas R Marshall Acquires Castle Hill Warehouse For $14.6M
701 Zerega Avenue, East Bronx, Bronx, NY, USA
$14,600,000
$445/SF
Building Size
32,741 SF
Asset Type
Other
Closing
Sep 1, 2021
About this deal
AI
A warehouse located at 701 Zerega Avenue in Castle Hill has been sold in a recent transaction. The property, zoned as M1-1, offers a total building square footage (BSF) of 65,482, with a price per BSF of $222. The warehouse spans across 32,741 square feet, with a price per square foot (PPSF) of $445. The lot size is 65,482 square feet, and the property has a floor area ratio of 0.50. The transaction took place on September 2, 2021.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $14,600,000
- Market: Castle Hill
- Address: 701 Zerega Avenue
- Zoning: M1-1
- Buyer: Thomas R Marshall
- Seller: Thomas R Marshall
Thomas R Marshall represented both the buyer and the seller in this transaction.
It is worth noting that the property was previously sold on December 27, 2019, for a price of $9,800,000. Additionally, an alteration permit was issued on June 24, 2004. The dimensions of the lot are 200 feet by 327.41 feet.
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
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93