Gentian Dushi Acquires Mixed-use Property On E Gun Hill Rd For $1.52M
974 E Gun Hill Rd #976, The Bronx, Ny 10469, Usa
$1,520,000
$178/SF
Building Size
8,500 SF
Asset Type
Mixed-use
Closing
Sep 23, 2020
About this deal
AI
A mixed-use property located at 974-976 E Gun Hill Rd in Williamsbridge, Bronx has been sold for a total price of $1,520,000. The property has a building size of 15,000 square feet, resulting in a price per square foot of $101. The lot size is 54 [...] square feet. The property is zoned as R6A and C1-4, allowing for mixed-use development.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,520,000
- Address: 974-976 E Gun Hill Rd, Williamsbridge, Bronx
- Market: Williamsbridge, Bronx
- Zoning: R6A, C1-4
The seller of the property was Michael Palomba. The buyer, Gentian Dushi, acquired the property through the representation of Anthony Watkins and David Algarin from Oak Avery Group.
Players
Bronx Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.44%
Cash-on-Cash
-2.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93