Jose Cruz Acquires Mixed-Use Property In Parkchester, Bronx For $970K
1746 East Tremont Avenue
$970,000
$214/SF
Building Size
4,523 SF
Asset Type
Mixed-use
Closing
Nov 10, 2023
About this deal
AI
The mixed-use property located at 1746 East Tremont Avenue in Parkchester, Bronx has been sold for a transaction amount of $970,000. The property spans a total area of 4,523 square feet, resulting in a price per square foot of $214.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $970,000
- Address: 1746 East Tremont Avenue
- Market: Parkchester, Bronx
The buyer in this transaction is Jose Cruz, while the seller is John Katsanos. Representing the deal as the broker is Jared Friedman of an unspecified agency.
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
16.35%
Cash-on-Cash
-4.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93