Updated Oct 16, 2026
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.
On the Map
$4,800,000
$526/SF
Commercial
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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