3971 Gouverneur Avenue Rental Building In Bronx Sold For $14.2M By Buyer 3971 Gouverneur And Seller Hds Funding Company
3971 Gouverneur Avenue, Bronx, NY 10463, USA
$14,225,000
$217/SF
Building Size
65,394 SF
Asset Type
Retail
Closing
Nov 13, 2017
About this deal
AI
The rental building located at 3971 Gouverneur Avenue in New York, Bronx, was recently sold in a closed transaction for a total price of $14,225,000. The property spans over 65,394 square feet, resulting in a price per square foot of $217. The seller of the building was Hds Funding Company, while the buyer was 3971 Gouverneur. The deal was facilitated by Rosewood Realty Group's Aaron Jungreis, Mike Kerwin, and Ben Khakshoo.
Summary of transaction details
- Property Type: Rental Building
- Transaction Amount: $14,225,000
- Address: 3971 Gouverneur Avenue, New York, Bronx
- Market: Bronx
- Square Footage: 65,394 sf
- Price per Square Foot: $217
- Seller: Hds Funding Company
- Buyer: 3971 Gouverneur
- Broker: Rosewood Realty Group's Aaron Jungreis, Mike Kerwin, and Ben Khakshoo
The involvement of Rosewood Realty Group's Aaron Jungreis, Mike Kerwin, and Ben Khakshoo in this deal highlights their expertise in the real estate market. Their representation of both the buyer and seller showcases their ability to facilitate successful transactions. This closed deal demonstrates the growing demand for rental buildings in the Bronx market, with the property's size and price per square foot contributing to its appeal.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93