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510 E 180th St, The Bronx, ...

Mr.Chen Acquires Retail Condo On East 180 Street In Bronx For $3.05M
SOLD

Mr.Chen Acquires Retail Condo On East 180 Street In Bronx For $3.05M

510 E 180th St, The Bronx, NY 10457, USA

Building Size

49,090 SF

Asset Type

Closing

May 14, 2018

AI

A retail condo located at 510-522 East 180 Street in Bronx, New York, was recently sold for a price of $3,050,000. The property spans across 4,909 square feet, with a price per square foot of $621. There are a total of 6 units within the retail condo.

Summary of transaction details

  • Property Type: Retail Condo
  • Transaction Amount: $3,050,000
  • Square Footage: 4,909 sf
  • Price Per Square Foot: $621
  • Address: 510-522 East 180 Street, Bronx, New York

S. Cohen was the seller of the retail condo, while Mr. Chen was the buyer. The broker who facilitated the deal was Alfons Shkoza from the agency @alf0nss.

Players

Alfons Shkoza

Broker

$12M

vol

2 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93