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43 Westchester Square, The ...

Sam Aran Acquires Mixed-Use Property In Bronx For $3.9M
SOLDMixed-use

Sam Aran Acquires Mixed-Use Property In Bronx For $3.9M

43 Westchester Square, The Bronx, NY 10461, USA

$3,900,000

$506/SF

Building Size

7,700 SF

Asset Type

Mixed-use

Closing

Sep 9, 2019

AI

The mixed-use property located at 43 Westchester Square in the Bronx has been sold in a closed transaction. The property spans 7,700 square feet and consists of 6 units. The property was initially listed for $4,500,000 but was ultimately sold for $3,900,000, resulting in a price per square foot of $506. The buyer, Sam Aran, purchased the property from the seller, Joseph Cassata. The deal was facilitated by brokers Frank Caporrino and Jimmy Lorenzo.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $3,900,000
  • Address: 43 Westchester Square, Bronx
  • Market: Bronx
  • Square Footage: 7,700
  • Asking Price: $4,500,000
  • Price per Square Foot: $506
  • Units: 6

Frank Caporrino and Jimmy Lorenzo, of the respective agencies, represented the seller and buyer in this transaction. They played a crucial role in facilitating the deal between Joseph Cassata and Sam Aran.

Players

Frank J. Caporrino

Broker

$32.7M

vol

4 deals

Broker

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

4.07%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93