Timour Shafran & Sam Applegrad Acquire Mixed-Use Property In Bedford Park/Bronx For $8.2M
2860 Decatur Ave, The Bronx, NY 10458, USA
$8,236,300
$173/SF
Building Size
47,350 SF
Asset Type
Mixed-use
Closing
Jul 28, 2019
About this deal
AI
The mixed-use property located at 2860 Decatur Ave in Bedford Park/Bronx has been sold in a closed transaction. The property consists of 46 apartments and 9 stores in a walk-up building. With over 40 years of ownership, the seller, John Satriale, decided to sell the property.
Summary of transaction details
- Property Type: Mixed-use
- Asking Price: $10,995,000
- Sale Price: $8,236,300
- Square Footage: 47,350
- Price Per Square Foot: $173
- Gross Income: $927,000
- Market: Bedford Park/Bronx
- Seller: John Satriale
- Buyer: Timour Shafran & Sam Applegrad
- Broker: Sharone Baradarian @redman615
The deal was finalized with Timour Shafran and Sam Applegrad purchasing the property from John Satriale. Sharone Baradarian from redman615 represented the buyer and seller in this transaction. The property's sale price of $8,236,300 indicates a successful negotiation between the parties involved.
On the Map
$8,236,300
$173/SF
Mixed-use
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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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93