SOLDCommercial
Panmon Realty LLC Acquires 10,016 Square Foot Commercial Asset In Hunts Point For $3.175M
421 Hunts Point Avenue & 423 Hunts Point Avenue
$3,175,000
$317/SF
Building Size
10,016 SF
Asset Type
Commercial
Closing
Jun 29, 2026
AI
Panmon Realty LLC has acquired a commercial asset located at 421-423 Hunts Point Avenue in the Hunts Point section of the Bronx. The transaction was completed at a sale price of $3,175,000, equating to $317 per square foot for a total area of 10,016 square feet.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $3,175,000
- Address: 421-423 Hunts Point Avenue
- Market: Hunts Point, Bronx
- Square Footage: 10,016
- Price per Square Foot: $317
- Buyer: Panmon Realty LLC
- Seller: Sandeep Jain & Priti Jain
- Sale Date: 06/29/2026
Sandeep Jain and Priti Jain acted as the sellers in this transaction, facilitating the deal with Panmon Realty LLC, which successfully completed the acquisition on June 29, 2026.
Players
Bronx 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
5.00%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93