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1334 East Gun Hill Road, Br...

The Kopi Family Acquires Mixed-Use Property In Laconia, Bronx For $1.15M
SOLDMixed-use

The Kopi Family Acquires Mixed-Use Property In Laconia, Bronx For $1.15M

1334 East Gun Hill Road, Bronx, NY 10469, USA

$1,150,000

$187/SF

Building Size

6,120 SF

Asset Type

Mixed-use

Closing

Aug 30, 2021

AI

The mixed-use property located at 1334 E. Gun Hill Rd. in Laconia, Bronx, was recently sold in a closed transaction. The sale took place on 08/30/2021, with Roni Soleimani, Joshua Pomerantz, and Jess Pham handling the deal on behalf of SP Capital Group. The buyer, known as The Kopi Family, purchased the property from Arthur B. Templeton. The transaction was negotiated off-market, and the property was delivered partially vacant.

Summary of transaction details:

  • Property Type: Mixed-use
  • Sale Price: $1,150,000
  • Address: 1334 E. Gun Hill Rd.
  • Market: Laconia, Bronx
  • SF: 6,120
  • BSF: 9,344
  • PPSF: $187
  • PPBSF: $123

Roni Soleimani, Jess Pham, and Joshua Pomerantz from SP Capital Group acted as the brokers in the transaction, representing both the buyer and the seller. If you are interested in purchasing or selling similar value-add properties, or if you would like an evaluation of your own property, you can contact Roni Soleimani at [email protected] or (212) 235-2764, and Jess Pham at [email protected] or (347) 971-3643.

Players

Joshua Pomerantz

SP Capital Group

Broker

$142.6M

vol

31 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93