Les Lerner's LAL-Roughlock Fund I Acquires Wakefield Mixed-Use Property For $5.15M
4206 Carpenter Avenue, Bronx, NY 10466
$5,150,000
$187/SF
Building Size
27,500 SF
Asset Type
Mixed-use
Closing
Nov 22, 2020
About this deal
AI
The mixed-use property located at 4206 Carpenter Avenue in Wakefield has been sold in a recent transaction. The property, which is zoned as R6, consists of a total of 27,500 square feet. The sale was facilitated by brokers Lev Mavashev and Yehuda Lesser from Les Lerner at AlphaRealty.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,150,000
- Address: 4206 Carpenter Avenue
- Market: Wakefield
- Square Footage: 27,500
- Zoning: R6
The buyer of the property is LAL-Roughlock Fund I, represented by Les Lerner. The seller, on the other hand, is Avanti Realty Corp. This deal involved the sale of 33 units at a price per unit of $156,000. The property's tax class is 2.
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
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93