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1345 Edward L. Grant Highwa...

S6 Management Acquires Mixed-Use Asset In Bronx From The Almanza Family
SOLDMixed-use

S6 Management Acquires Mixed-Use Asset In Bronx From The Almanza Family

1345 Edward L. Grant Highway, Bronx, NY 10452

$552,500

$251/SF

Building Size

2,200 SF

Asset Type

Mixed-use

Closing

Aug 4, 2020

AI

A mixed-use property located at 1345 Edward L. Grant Highway in Bronx has been sold. The property, spanning an area of 2,200 square feet, was sold for a price of $552,500. The sale price per square foot was $251. The property consists of three units, and the price per unit was approximately $184,166.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $552,500
  • Address: 1345 Edward L. Grant Highway
  • Market: Bronx
  • Units: 3
  • Price per Unit: $184,166
  • Square Footage: 2,200
  • Price per Square Foot: $251

The buyer of the property is S6 Management, represented by Shalev Shoshani and Shavit Shoshani. The seller is The Almanza Family. The sale transaction was facilitated by Mia Abdouh from RMFriedland.

Players

Mia Abdouh

RM Friedland

Broker

$552.5K

vol

2 deals

Broker
SM
S6 ManagementBuyer

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

28.71%

Cash-on-Cash

-8.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93