Moshe Fleischman Acquires Concourse Village Parking In $4.75M Deal
SOLD
$4,750,000
New York
See Similar DealsOther250,000 SF
Sold 08/29/2019
SOLD
Moshe Fleischman Acquires Concourse Village Parking In $4.75M Deal
780 Concourse Village West, West Bronx, The Bronx, NY, USA
See Similar DealsOther250,000 SF
Sold 08/29/2019
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$19
Total Square Footage:250,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$253,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08
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