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
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