McDonald's Acquires Retail Property In Morrisania, Bronx For $3.15M
SOLD
$3,150,000
New York
See Similar DealsRetail3,530 SF
Sold
SOLD
McDonald's Acquires Retail Property In Morrisania, Bronx For $3.15M
3285 3rd Avenue, Bronx, NY 10456, USA
See Similar DealsRetail3,530 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$892
Total Square Footage:3530 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 3285 Third Ave in the Morrisania neighborhood of Bronx. The property was sold on January 23, 2019 for a sale price of $3.15 million. The retail space measures 3,530 square feet, resulting in a price per square foot of $892.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3.15M
- Square Footage: 3,530
- Price per Square Foot: $892
- Address: 3285 Third Ave
- Market: Morrisania, Bronx
The seller of the property was SoBro Org., while the buyer was McDonald's. The deal was facilitated by brokers Christopher Gillis, Jason Meister, and Marion Jones from Ackman Ziff.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28
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