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KSR Development And Klosed Properties Acquire Mixed-Use Asset In Bronx For $2.7M

Property Image
SOLD
$2,700,000

New York

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Mixed-use7,915 SF
Sold 05/06/2025
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Property Image
SOLD

KSR Development And Klosed Properties Acquire Mixed-Use Asset In Bronx For $2.7M

2486 Hughes Avenue

See Similar Deals
Mixed-use7,915 SF
Sold 05/06/2025
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$341
Total Square Footage:7,915 SF
Transaction Type:Sale

The property involved in this transaction is a mixed-use asset located at 2486 Hughes Avenue in the Bronx. It includes 9 residential units and 1 retail space. The sale price for this property was $2,700,000, which translates to a price per unit of $270,000. The total square footage of the property is 7,915, resulting in a price per square foot of $341.

Summary of transaction details:

  • Property Type: Mixed-use (9 Resi + 1 Retail)
  • Transaction Amount: $2,700,000
  • Units: 10
  • Price per Unit: $270,000
  • Square Footage: 7,915
  • Price per Square Foot: $341
  • Buyer: KSR Development & Klosed Properties
  • Date of Sale: 5/6/2025
  • Market: Bronx

The deal was represented by Morris Sabbagh and Ceasar Salama, who played key roles in facilitating the transaction between the involved parties.

Players

31 deals$374.1M volume
BUYER

Morris Sabbagh
13 deals$197M volume
BUYER

Klosed Properties
BUYER

Details

SOLD
IMAGE: Morris Sabbagh & Ceasar Salama DATE: 5/6/2025 ADDRESS: 2486 Hughes Avenue MARKET: Bronx ASSET TYPE: Mixed-use (9 Resi + 1 Retail) BUYER: KSR Development (@Kassin_Sabbagh_Realty) & Klosed Properties (@KlosedProperties) SALE PRICE: $2,700,000 UNITS: 10 ~ PPU: $270,000 SF: 7,915 ~ PPSF: $341

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$144,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53