Klosed Properties Acquires Mixed-use Property In Bronx For $1.875M
SOLD
$1,875,000
+ 2
New York
See Similar DealsMixed-use7,250 SF
Sold 01/23/2019
SOLD
Klosed Properties Acquires Mixed-use Property In Bronx For $1.875M
2320 Hughes Avenue, Bronx, NY 10458, USA
See Similar DealsMixed-use7,250 SF
Sold 01/23/2019
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$258
Total Square Footage:7,250 SF
Transaction Type:Sale
A mixed-use property located at 2320 Hughes Ave. in the Bronx was recently sold for a total of $1.875 million. The property spans 7,250 square feet and has a price per square foot of $259. It consists of two commercial units and six residential units.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1.875M
- Address: 2320 Hughes Ave.
- Market: Bronx
- Square Footage: 7,250
- Price Per Square Foot: $259
- Units: 2 Comm. + 6 Resi.
The buyer of this property was Steven Kachanian, Jacob Namdar, and Adam Hajibai of Klosed Properties. The seller was Susan Sahim. The deal was facilitated by brokers Shawn Sadaghati and Zachary Fuchs from GFI.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$100,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,661.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,888.46
Annual Debt Service$106,661.48
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