Moshe Fleischman Acquires Concourse Village Parking In $4.75M Deal
780 Concourse Village West, West Bronx, The Bronx, NY, USA
$4,750,000
$19/SF
Building Size
250,000 SF
Asset Type
Other
Closing
Aug 28, 2019
AI
This is a sale transaction involving a parking lot located at 780 Concourse Village in the Concourse Village market. The parking lot is situated at the lower level of 780 Grand Concourse. The sale took place on August 29, 2019.
Summary of transaction details:
- Property Type: Parking Lot
- Transaction Amount: $4,750,000
- Square Footage: 250,000
- Price per Square Foot: $19
- Address: 780 Concourse Village - Concourse Village Parking
The seller of the parking lot was Joel Gluck, while the buyer was Moshe Fleischman. Yosef Katz, representing the seller, acted as the broker in this transaction.
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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93