Moshe Grinblatt Acquires Mixed-Use Property In Soundview, Bronx For $1.4M
1748 East 174th Street, The Bronx, New York 10472, United States
$1,385,000
$322/SF
Building Size
4,300 SF
Asset Type
Mixed-use
Closing
Jun 9, 2022
About this deal
AI
A mixed-use property located at 1748-1758 E. 174th St. in Soundview, Bronx was recently sold for $1,385,000. The property spans a total of 4,300 square feet, resulting in a price per square foot of $322. The transaction took place on 06/10/2022 and was facilitated by Jared Friedman of B6 Real Estate Advisors.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,385,000
- Address: 1748-1758 E. 174th St.
- Market: Soundview, Bronx
- SF: 4,300
- PPSF: $322
The buyer of the property was Moshe Grinblatt, while the seller was Yuri Libson. Jared Friedman of B6 Real Estate Advisors represented both parties in the transaction.
Players
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
11.45%
Cash-on-Cash
-3.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93