Frank Battaglia Acquires Mixed-Use Property In Fordham, Bronx For $4.3M
SOLD
$4,300,000
+ 1
New York
See Similar DealsMixed-use20,250 SF
Sold 10/15/2019
SOLD
Frank Battaglia Acquires Mixed-Use Property In Fordham, Bronx For $4.3M
2480 Belmont Ave, The Bronx, NY 10458, USA
See Similar DealsMixed-use20,250 SF
Sold 10/15/2019
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$212
Total Square Footage:20,250 SF
Transaction Type:Sale
The mixed-use property located at 2480 Belmont Avenue in Fordham, Bronx has been sold in a closed transaction. The property spans a total square footage of 20,250 and was sold for a sale price of $4,300,000. The property was listed with an asking price of $4,995,000, resulting in a price per square foot of $212.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,300,000
- Address: 2480 Belmont Avenue
- Market: Fordham, Bronx
The seller of the property was Marlena Demenus, represented by Sky Lake Realty Fund, LLC. The buyer of the property was Frank Battaglia.
The brokerage team involved in the transaction included Marco Lala, David Raciti, Jack Lala, and Michelle Lala of RM.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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