Baker Capital Group Acquires Mixed Use Property In Bronx For $2,450,000 With 7 Units

This transaction involves a mixed-use property located at 3800 East Tremont Ave in the Bronx. It comprises 7 commercial units and has a total square footage of 6,700. The property sold for $2,450,000, resulting in a per unit price of $350,000 and a price per square foot of $365. The capitalization rate for the asset is 9.5%.

Summary of transaction details:

• Property Type: Mixed Use
• Transaction Amount: $2,450,000
• Units: 7
• Square Footage: 6,700
• Price Per Unit: $350,000
• Price Per Square Foot: $365
• Cap Rate: 9.5%

Don Bichoupan and Jordan Cohen are the buyers representing Baker Capital Group LLC in this acquisition. The company is actively pursuing free market multifamily opportunities in NYC and Westchester and encourages outreach for any potential deals. Contact information for the representatives includes Jordan Cohen at (516) 225-7509 and [email protected], and Don Bichoupan at (516) 776-3707 and [email protected].