Steven Westreich Of Westbridge Realty Group Acquires School Property In Bronx For $12.35M
3565 Third Avenue
$12,350,000
$749/SF
Building Size
16,485 SF
Asset Type
School
Closing
Sep 22, 2026
About this deal
AI
A school property located at 3565 Third Avenue in the Bronx has been sold for $12.35 million. The asset encompasses a total area of 16,485 square feet, which results in a valuation of $749 per square foot.
Summary of transation details:
- Property Type: School
- Transaction Amount: $12,350,000
- Square Footage: 16,485
- Price Per Square Foot: $749
- Buyer: Steven Westreich - Westbridge Realty Group
- Seller: Rodolfo Fuertes
- Transaction Date: September 22, 2026
Steven Westreich, representing Westbridge Realty Group, completed the acquisition of the property from Rodolfo Fuertes. This transaction reflects the ongoing activity within the Bronx market for school assets.
On the Map
$12,350,000
$749/SF
School
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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
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93