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459 East 149th Street, Bron...

Updated Oct 28, 2024

Simone Development Acquires Retail Property In Woodstock, Bronx For $32M
SOLDRetail

Simone Development Acquires Retail Property In Woodstock, Bronx For $32M

459 East 149th Street, Bronx, NY 10455

$32,000,000

$643/SF

Building Size

49,720 SF

Asset Type

Retail

Closing

Jan 13, 2022

About this deal

AI

The retail property located at 459 East 149th Street in Woodstock, Bronx has been sold for $32,000,000. The asset encompasses a total of 49,720 square feet, resulting in a price per square foot of $643. The property, situated on a lot with dimensions of 227.03 ft x 251.43 ft, was part of a closed transaction.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $32,000,000
  • Square Footage: 49,720
  • Price per Square Foot: $643
  • Address: 459 East 149th Street, Woodstock, Bronx
  • Market: Woodstock, Bronx

The buyer in this transaction is Simone Development, while the seller is Triangle Equities. The deal was facilitated by the brokers Steven Rutman, Karl Brumback, Nicco Lupo, and Madison Warwick from JLL.

On the Map

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$32,000,000

$643/SF

Retail

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Players

Karl Brumback

JLL

Broker

$388.3M

vol

25 deals

Broker

Simone

Simone Development

Buyer

$145M

vol

10 deals

Buyer
Triangle Equities
Triangle EquitiesSeller
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New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $643 per square foot on a published $32M for 49,720 square feet (2022).

Visit Nicco Lupo to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.50%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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