Maddd Equities Acquires Bronx Office Building For $44M
SOLD
$44,000,000
+ 2
Office235,000 SF
Sold 03/03/2023
SOLD
Maddd Equities Acquires Bronx Office Building For $44M
825 E 141st Street
See Similar DealsOffice235,000 SF
Sold 03/03/2023
+ 2
Summary
OHIO
Asset Type:Office
Price Per Square Foot:$187
Total Square Footage:235,000 SF
Transaction Type:Sale
The property involved in this transaction is an office located at 825 E 141st Street in the Bronx, New York. The property has a total square footage of 235,000 square feet. The transaction took place on 03/03/2023.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $44,000,000
- Price per Square Foot: $187
- Buyer: Maddd Equities
- Seller: Altmark Group, Bluestone Group & Galil Management
- Brokers: Steven Rutman, Harry Hochman, Vickram Jambu, Andrew Scandalios, & Luca Cobucci - JLL
The deal was facilitated by a team of brokers from JLL, including Steven Rutman, Harry Hochman, Vickram Jambu, Andrew Scandalios, and Luca Cobucci. They represented both the buyer, Maddd Equities, and the seller, Altmark Group, Bluestone Group, and Galil Management.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$156,322.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$208,582.45
Annual Debt Service$2,502,989.37
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