SOLDPackage Deal
Concourse Realty Sells Package Deal In New York City For $20M
1351 Jerome Avenue & 1342 Inwood Avenue
$20,000,000
$177/SF
Building Size
112,500 SF
Asset Type
Package Deal
Closing
Mar 1, 2023
AI
The package deal at 1351 Jerome Avenue & 1342 Inwood Avenue in New York City has been sold for $20,000,000. The combined square footage of the properties is 56,250, resulting in a price per square foot of $356.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $20,000,000
- Square Footage: 56,250
- Price per Square Foot: $356
- Address: 1351 Jerome Avenue & 1342 Inwood Avenue
- Market: New York City
David Simone from Concourse Realty represented the parties involved in the transaction.
Players
Market Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93