Israel Grunberger Acquires Mixed-Use Property On Taylor Avenue For $1.35M
1703 Taylor Avenue
$1,350,000
$260/SF
Building Size
5,180 SF
Asset Type
Mixed-use
Closing
Apr 1, 2024
AI
The mixed-use property located at 1703 Taylor Avenue in Van Nest, Bronx, was sold for $1,350,000. The property spans 5,180 square feet, resulting in a price per square foot of $261. The sale involved Israel Grunberger as the buyer and the Staino Family as the seller. The transaction was facilitated by Matthew Barbaccia from Brix Real Estate Advisors.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,350,000
- Buyer: Israel Grunberger
- Seller: Staino Family
- Broker: Matthew Barbaccia - Brix Real Estate Advisors
- Address: 1703 Taylor Avenue, Van Nest, Bronx
- Market: Van Nest, Bronx
- SF: 5,180
- PPSF: $261
Matthew Barbaccia from Brix Real Estate Advisors played a crucial role as the broker in the transaction, representing the buyer and seller successfully in the deal, which culminated in the sale of the mixed-use property in Van Nest, Bronx.
Bronx Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93