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Jonathan Moinian Acquires Mixed-use Property In Bronx From Steven Kachanian, Jacob Namdar, & Adam Hajibai

Property Image
SOLD
$3,150,000
Joshua "Josh" Banilivy
Adam Hajibai
+ 1

New York

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Mixed-use7,250 SF
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Property Image
SOLD

Jonathan Moinian Acquires Mixed-use Property In Bronx From Steven Kachanian, Jacob Namdar, & Adam Hajibai

2809 3rd Avenue, Bronx, NY 10455, USA

See Similar Deals
Mixed-use7,250 SF
Sold
Joshua "Josh" Banilivy
Adam Hajibai
+ 1
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$434
Total Square Footage:7250 SF
Transaction Type:Sale

A mixed-use property located at 2809 3rd Ave. in Bronx has been sold for $3,150,000. The property spans 7,250 square feet, resulting in a price per square foot of $434. It consists of retail space and six residential units, with a price per unit of $450,000.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $3,150,000
  • Square Footage: 7,250
  • Price per Square Foot: $434
  • Units: Retail + 6 Residential
  • Price per Unit: $450,000

The transaction involved several key individuals and companies. The sellers were Steven Kachanian, Jacob Namdar, and Adam Hajibai from Klosed Properties. The buyers were Jonathan Moinian from New York Standard and Eli Dadouch from Firm Capital. The broker for the deal was Josh Banilivy from Friedman Roth, and the attorney involved was Dan Rothman from Rothman Law.

Players

Joshua "Josh" Banilivy
3 deals$5.8M volume(516) 316-1917
BROKER

Adam Hajibai
Klosed Properties
21 deals$76.1M volume
SELLER

Jacob Namdar
Klosed Properties
15 deals$22.7M volume
SELLER

Steven Kachanian
Klosed Properties
36 deals$91.9M volume
SELLER

Details

SOLD
IMAGE: Adam Hajibai, Jonathan Moinian, Steven Kachanian, Josh Banilivy, & Jacob Namdar DATE: 02/02/2019 ADDRESS: 2809 3rd Ave. MARKET: Bronx ASSET TYPE: Mixed-use SELLER: Steven Kachanian, Jacob Namdar, & Adam Hajibai - Klosed Properties BUYER: Jonathan Moinian - New York Standard & Eli Dadouch - Firm Capital BROKER: Josh Banilivy - Friedman Roth ATTORNEY: Dan Rothman - Rothman Law @DJRothman PRICE: $3,150,000 SF: 7,250 ~ PPSF: $434 UNITS: Retail + 6 Residential ~ PPU: $450K

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$11,191.28
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