facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

3174 Riverdale Avenue

Connor Rose Essex And Patrick Michell Purchase Mixed-Use Property For $4.8M In Riverdale
SOLDMixed-use

Connor Rose Essex And Patrick Michell Purchase Mixed-Use Property For $4.8M In Riverdale

3174 Riverdale Avenue

$4,800,000

$395/SF

Building Size

12,143 SF

Asset Type

Mixed-use

Closing

May 20, 2025

AI

The property asset involved in this transaction is a mixed-use building located at 3174 Riverdale Avenue in the Riverdale market. This asset includes 9 residential units and 3 commercial suites, encompassing a total square footage of 12,143. The sale price for the property was set at $4,800,000, leading to a price per square foot of approximately $395.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,800,000
  • Sale Date: 5/21/2025
  • Broker: Samia Farah - KSR
  • Buyer: Connor Rose Essex - Patrick Michell
  • Seller: Les Lerner

This deal includes key individuals such as the buyer Connor Rose Essex, partnering with Patrick Michell, and the seller Les Lerner. Samia Farah represented the transaction as the broker, facilitating the sale of the mixed-use asset in the Riverdale market.

Players

Samia Farah

Kassin Sabbagh Realty

Broker

$14.2M

vol

5 deals

Broker

Bronx Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93