Joseph Dimyan Acquires Mixed-Use Property On Grand Concourse In Bronx For $6.5M
SOLD
$6,500,000
New York
See Similar DealsMixed-use21,176 SF
Sold 09/27/2021
SOLD
Joseph Dimyan Acquires Mixed-Use Property On Grand Concourse In Bronx For $6.5M
2359 Grand Concourse, Bronx, NY 10468, USA
See Similar DealsMixed-use21,176 SF
Sold 09/27/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$307
Total Square Footage:21,176 SF
Transaction Type:Sale
Located in the Bronx, the mixed-use property at 2359-2371 Grand Concourse has recently been sold in a transaction. The sale was facilitated by brokers Aaron Jungreis & Ben Khakshoor from RosewoodRG. The property spans a total of 21,176 square feet and is situated in a bustling market. The transaction took place on September 27, 2021, with a sale price of $6,500,000. The price per square foot (PPSF) for this sale is $306.
Summary of Transation Details
- Property Type: Mixed-use
- Transaction Amount: $6,500,000
- Square Footage: 21,176
- Market: Bronx
Joseph Dimyan is the buyer of the property, while Ron Rettner is the seller. Aaron Jungreis & Ben Khakshoor, representing RosewoodRG, served as the brokers for this transaction.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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