Richard Torres Acquires Mixed-Use Property On Pelham Parkway, Bronx For $7M
SOLD
$7,000,000
New York
See Similar DealsMixed-use19,593 SF
Sold
SOLD
Richard Torres Acquires Mixed-Use Property On Pelham Parkway, Bronx For $7M
2134 Barnes Avenue, The Bronx, NY, USA
See Similar DealsMixed-use19,593 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$357
Total Square Footage:19593 SF
Transaction Type:Sale
Located in Pelham Pkwy, BX, the mixed-use property at 2134 Barnes Ave has recently been sold. The transaction took place on 04/29/2019, with a sale price of $7,000,000. The property spans across an area of 19,593 square feet, resulting in a price per square foot of $357. The property was sold vacant.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $7,000,000
- Address: 2134 Barnes Ave
- Market: Pelham Pkwy, BX
- Square Footage: 19,593
- Price per Square Foot: $357
The seller of the property was Amarjit Singh, and the buyer was Richard Torres. The transaction was facilitated by Nik Berisha and Benny Kuka of Apex Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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