Joseph Dimyan Acquires Mixed-Use Property On Grand Concourse In Bronx For $6.5M
2359 Grand Concourse, Bronx, NY 10468, USA
$6,500,000
$307/SF
Building Size
21,176 SF
Asset Type
Mixed-use
Closing
Sep 27, 2021
AI
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.
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93