Jonathan Moinian Acquires Mixed-use Property In Bronx From Steven Kachanian, Jacob Namdar, & Adam Hajibai
2809 3rd Avenue, Bronx, NY 10455, USA
$3,150,000
$434/SF
Building Size
7,250 SF
Asset Type
Mixed-use
Closing
Feb 1, 2019
AI
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
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93