Adam Goodstein Of Seastone Capital And David Green Of DSG Equities Acquire Mixed-Use Asset For $3.8M
2359 2371 Grand Concourse
$3,800,000
$179/SF
Building Size
21,176 SF
Asset Type
Mixed-use
Closing
Aug 28, 2025
AI
The asset involved in this transaction is a mixed-use property located at 2359-2371 Grand Concourse in the Bronx. The sale price of the property was $3,800,000, encompassing a total of 27 units. The property's square footage is 21,176, resulting in a price per unit of $140,741 and a price per square foot of $179.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $3,800,000
- Units: 27
- Square Footage: 21,176
- Price Per Unit: $140,741
- Price Per Square Foot: $179
- Buyer: Adam Goodstein - Seastone Capital & David Green - DSG Equities
- Seller: Alexis Baez
- Broker: Michael Fusco - Marcus & Millichap
Adam Goodstein from Seastone Capital and David Green from DSG Equities are known to be actively seeking value-add multifamily, retail, and mixed-use deals throughout the five boroughs, reflecting their investment strategy and market engagement.
Players
Bronx Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93