Paul Gjokaj Sells Mixed-Use Property At 1500 Mace Avenue In Bronx For $3,925,000
1500 Mace Avenue
$3,925,000
$178/SF
Building Size
22,000 SF
Asset Type
Mixed-use
Closing
Apr 29, 2026
About this deal
AI
The property asset involved in this transaction is a mixed-use building located at 1500 Mace Avenue in the Bronx. The property comprises 6 commercial units and 16 residential units, totaling 22 units. The sale was completed for a price of $3,925,000, with a price per unit of $178,409 and a total square footage of 22,000, resulting in a price per square foot of $178.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $3,925,000
- Units: 22
- Price per Unit: $178,409
- Total Square Footage: 22,000
- Price per Square Foot: $178
- Seller: Paul Gjokaj
- Broker: Shpresa Camaj - Real Broker NY & LLC
This transaction features seller Paul Gjokaj and broker Shpresa Camaj from Real Broker NY & LLC. The broker represented the seller during the sale of the property, facilitating the deal in the Bronx market.
On the Map
$3,925,000
$178/SF
Mixed-use
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Bronx 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
4.04%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93