1113 Colgate Avenue
1113 Colgate Avenue
$6,225,000
$224/SF
Building Size
27,770 SF
Asset Type
School
Closing
Oct 13, 2026
About this deal
AI
The property involved in this transaction is a school located at 1113 Colgate Avenue in the Bronx. The asset was sold for $6,225,000, encompassing a total square footage of 27,770, resulting in a price per square foot of $224.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $6,225,000
- Address: 1113 Colgate Avenue
- Market: Bronx
- Square Footage: 27,770
- Price per Square Foot: $224
- Seller: Zachary Lewis
- Broker Representatives: Ben Tapper & Sean Slattery - Lee & Associates
Lee & Associates exclusively represented the owner, Zachary Lewis, in this transaction. The brokerage team, consisting of Ben Tapper and Sean Slattery, is actively engaged in various opportunities within the education space, including community facility development and existing schools.
On the Map
$6,225,000
$224/SF
School
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Players
Bronx School Market Snapshot
Boundary boundary · School · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.55%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93