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2371 Arthur Ave, Bronx, NY,...

Joseph Clarke Acquires Mixed-Use Property On Arthur Ave In Belmont For $2.2M
SOLDMixed-use

Joseph Clarke Acquires Mixed-Use Property On Arthur Ave In Belmont For $2.2M

2371 Arthur Ave, Bronx, NY, USA

$2,200,000

$239/SF

Building Size

9,189 SF

Asset Type

Mixed-use

Closing

Nov 18, 2021

AI

Located at 2371 Arthur Ave in Belmont, this property is a mixed-use asset with R6 and C1-4 zoning. The sale of this property took place on 11/18/2021 with a sale price of $2,200,000. The property has a building square footage (BSF) of 7,066, with a price per BSF (PPBSF) of $311. The total square footage (SF) is 9,189, with a price per square foot (PPSF) of $239.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,200,000
  • Address: 2371 Arthur Ave
  • Market: Belmont
  • Zoning: R6, C1-4

The buyer of the property is Joseph Clarke, while the sellers are Mario Iannitelli and John Cavelli. The transaction was facilitated by Ivane Koridze from VORO Real Estate.

If you are interested in similar off-market deals to sell or buy, you can reach out to Ivane Koridze:

Players

Ivane Koridze

Voro Real Estate

Broker

$7.6M

vol

5 deals

Broker

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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93