Mohamed Yehiya Acquires Mixed-Use Property In Olinville, Bronx For $2.675M
3777 White Plains Rd Bronx, NY 10467, USA
$2,675,000
$364/SF
Building Size
7,340 SF
Asset Type
Mixed-use
Closing
Jul 28, 2023
About this deal
AI
A mixed-use property located at 3777 White Plains Road in Olinville, Bronx, has been sold for a total price of $2,675,000. The property spans 7,340 square feet, resulting in a price per square foot of $364.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $2,675,000
- Address: 3777 White Plains Road
- Market: Olinville, Bronx
The buyer of this mixed-use property is Mohamed Yehiya, while the seller is Kinam Yoo. Facilitating the deal were Derek Bestreich, Steve Reynolds, Brian Davila, and John Loch from Investment Property Realty Group (IPRG).
By connecting the buyer and seller, Derek Bestreich, Steve Reynolds, Brian Davila, and John Loch played crucial roles as brokers in this transaction. They used their expertise and market knowledge to ensure a successful sale of the property.
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
5.93%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93