Richard Torres Acquires Mixed-Use Property On Pelham Parkway, Bronx For $7M
2134 Barnes Avenue, The Bronx, NY, USA
$7,000,000
$357/SF
Building Size
19,593 SF
Asset Type
Mixed-use
Closing
Apr 28, 2019
About this deal
AI
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.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93