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1703 Taylor Avenue

Israel Grunberger Acquires Mixed-Use Property On Taylor Avenue For $1.35M
SOLDMixed-use

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.

Players

Matthew Barbaccia

Brix Real Estate Advisors

Broker

$71.1M

vol

30 deals

Broker

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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93