Cactus Holdings, 101 Holdings, And Agus Holdings Acquire Retail Condo On White Plains Rd In The Bronx For $3.025M
3629 White Plains Rd, The Bronx, NY 10467, USA
$3,025,000
$191/SF
Building Size
15,800 SF
Asset Type
—
Closing
Aug 21, 2018
About this deal
AI
Daniel Fromm of Newmark Knight Frank represented the buyers in the sale of a retail condo located at 3629 White Plains Rd in the Bronx, New York. The property, with a total square footage of 15,800, was acquired by Cactus Holdings, 101 Holdings, and Agus Holdings for a price of $3,025,000, resulting in a price per square foot of $191.
Summary of transation details
- Property Type: Retail Condo
- Transaction Amount: $3,025,000
- Square Footage: 15,800
- Price per Square Foot: $191
- Address: 3629 White Plains Rd
- Market: Bronx
- City: New York
The sellers of the property were Arker Companies, and their retail condo was successfully sold to the buyers represented by Daniel Fromm of Newmark Knight Frank. The transaction highlights the ongoing activity in the Bronx market, with strong interest and investment in retail properties.
Players
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Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.24%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93