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
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