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Cactus Holdings, 101 Holdings, And Agus Holdings Acquire Retail Condo On White Plains Rd In The Bronx For $3.025M

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SOLD
$3,025,000

New York

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15,800 SF
Sold 08/22/2018
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Property Image
SOLD

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

See Similar Deals
15,800 SF
Sold 08/22/2018
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Summary

NEW YORK
Price Per Square Foot:$191
Total Square Footage:15,800 SF
Transaction Type:Sale

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

Daniel Fromm
82 deals$5.3B volume
BROKER

Agus Holdings
BUYER


Details

SOLD
IMAGE: Daniel Fromm and Peter Castellana III DATE: 8/22/2018 ADDRESS: 3629 White Plains Rd MARKET: Bronx CITY: New York ASSET TYPE: Retail Condo PRICE: $3,025,000 SF: 15,800 PPSF: $191 SELLER: Arker Companies BUYER: Cactus Holdings, 101 Holdings, Agus Holdings BROKER: Daniel Fromm @newmarkkf

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,747.19
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