Klosed Properties Acquires Mixed-use Property In Bronx For $1.875M
2320 Hughes Avenue, Bronx, NY 10458, USA
$1,875,000
$258/SF
Building Size
7,250 SF
Asset Type
Mixed-use
Closing
Jan 22, 2019
About this deal
AI
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.
On the Map
$1,875,000
$258/SF
Mixed-use
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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
8.46%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93