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
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