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2360 Jerome Avenue, The Bro...

Updated Dec 20, 2023

Aytug-Tumay Basaranlar Acquires Commercial Property In Fordham, Bronx For $4.8M
SOLDCommercial

Aytug-Tumay Basaranlar Acquires Commercial Property In Fordham, Bronx For $4.8M

2360 Jerome Avenue, The Bronx, New York 10468, United States

$4,800,000

$526/SF

Building Size

9,120 SF

Asset Type

Commercial

Closing

Feb 6, 2022

About this deal

AI

Located at 2360 Jerome Avenue in the Fordham neighborhood of Bronx, this commercial property was recently sold for a price of $4,800,000. Spanning a total area of 9,120 square feet, the building has a buildable square footage (BSF) of 36,480 and a price per buildable square foot (PPBSF) of $131. The property is situated on a lot with dimensions of 96 feet by 95 feet, providing ample space for various commercial activities. The zoning regulations for this property are R7A, C2-4, and J, allowing for a wide range of uses.

Summary of transaction details

  • Property Type: Commercial
  • Transaction Amount: $4,800,000
  • Address: 2360 Jerome Avenue
  • Market: Fordham, Bronx
  • Buildable Square Footage (BSF): 36,480
  • Price per Buildable Square Foot (PPBSF): $131

The buyer of this property is Aytug-Tumay Basaranlar, while the seller is Shapour Sohayegh. Both parties were represented in the deal, ensuring a smooth transaction for all stakeholders involved. The transaction also includes permits for an alteration filed on April 19, 2013. With a lot size of 9,120 square feet, this property offers significant potential for business development and growth.

Players

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Deal FAQ

About $526 per square foot on a published $4.8M for 9,120 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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