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2480 Belmont Ave, The Bronx...

Frank Battaglia Acquires Mixed-Use Property In Fordham, Bronx For $4.3M
SOLDMixed-use

Frank Battaglia Acquires Mixed-Use Property In Fordham, Bronx For $4.3M

2480 Belmont Ave, The Bronx, NY 10458, USA

$4,300,000

$212/SF

Building Size

20,250 SF

Asset Type

Mixed-use

Closing

Oct 14, 2019

AI

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.

Players

Jack Lala

RM Friedland

Broker

$107.1M

vol

11 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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93