Simone Development Acquires Retail Property In Woodstock, Bronx For $32M
SOLD
$32,000,000
+ 1
New York
See Similar DealsRetail49,720 SF
Sold 01/13/2022
SOLD
Simone Development Acquires Retail Property In Woodstock, Bronx For $32M
459 East 149th Street, Bronx, NY 10455
See Similar DealsRetail49,720 SF
Sold 01/13/2022
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$643
Total Square Footage:49,720 SF
Transaction Type:Sale
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.
Players
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,706,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$113,689.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$151,696.33
Annual Debt Service$1,820,355.91
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