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
About this deal
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:
- Phone: (917) 605-6657
- Email: [email protected]
On the Map
$2,200,000
$239/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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93