Edward Cohen Acquires Commercial Properties In Fordham, Bronx For $9.85M
2062 Morris Avenue, The Bronx, New York 10453, United States
$9,850,000
$404/SF
Building Size
24,329 SF
Asset Type
Commercial
Closing
May 9, 2022
AI
A commercial property transaction took place in the Fordham neighborhood of Bronx. The property is located at 103-109 East Burnside Avenue, 2056 Morris Avenue, and 2062 Morris Avenue. It has a total building square footage (BSF) of 64,667 and a price per square foot (PPSF) of $152. The total square footage (SF) of the property is 24,329, with a price per square foot (PPSF) of $404. The property falls under zoning designations R8, C4-4D, and J.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $9,850,000
- Address: 103-109 East Burnside Avenue, 2056 Morris Avenue, and 2062 Morris Avenue
- Market: Fordham, Bronx
- Zoning: R8, C4-4D, J
- BSF: 64,667
- PPSF: $152
- SF: 24,329
- PPSF: $404
Edward Cohen successfully acquired the property from Justin B Kleinman for a total price of $9,850,000. Edward Cohen acted as the buyer in this transaction, while Justin B Kleinman acted as the seller.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.61%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93