Ahsan Qazi Acquires Mixed-Use Property In Bronx, Throggs Neck For $1.8M
SOLD
$1,800,000
New York
See Similar DealsMixed-use6,700 SF
Sold 06/26/2019
SOLD
Ahsan Qazi Acquires Mixed-Use Property In Bronx, Throggs Neck For $1.8M
3800 E Tremont Ave, The Bronx, NY 10465, USA
See Similar DealsMixed-use6,700 SF
Sold 06/26/2019
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$268
Total Square Footage:6,700 SF
Transaction Type:Sale
The property at 3800 East Tremont Avenue in Bronx, Throggs Neck has been sold in a closed transaction. The mixed-use asset was listed with an asking price of $1,900,000, and it was ultimately sold for $1,800,000. The property spans 6,700 square feet, resulting in a price per square foot of $268.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,800,000
- Address: 3800 East Tremont Avenue
- Market: Bronx, Throggs Neck
The seller of the property was Harry and Andrew Manesis, while the buyer was Ahsan Qazi. The deal was brokered by Anthony Mameli of MARCRE Property Group. It is worth noting that this was an off-market transaction and the property has a 4.2% capitalization rate (CAP).
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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