Russel Fridman's AJ Partners Acquires Mixed-Use Property In Bronx's Pelham Bay For $2.9M
SOLD
$2,900,000
+ 2
New York
See Similar DealsMixed-use13,700 SF
Sold 10/23/2019
SOLD
Russel Fridman's AJ Partners Acquires Mixed-Use Property In Bronx's Pelham Bay For $2.9M
2931 Westchester Ave, The Bronx, NY 10461, USA
See Similar DealsMixed-use13,700 SF
Sold 10/23/2019
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$211
Total Square Footage:13,700 SF
Transaction Type:Sale
The mixed-use property located at 2931 Westchester Avenue in Bronx, Pelham Bay has been sold in a closed transaction. The property was sold for $2,900,000. It spans approximately 13,700 square feet.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,900,000
- Address: 2931 Westchester Avenue
- Market: Bronx, Pelham Bay
The seller of the property was Anthony Scovotti, representing Ralford Realty Corp B. The buyer was Russel Fridman, who was represented by AJ Partners, LLC. The brokers involved in the deal were Marco Lala, David Scotto, David Raciti, Jack Lala, and Michelle Lala.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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