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

Property Image
SOLD
$3,900,000

New York

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Mixed-use7,700 SF
Sold 09/10/2019
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Property Image
SOLD

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

43 Westchester Square, The Bronx, NY 10461, USA

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Mixed-use7,700 SF
Sold 09/10/2019
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$506
Total Square Footage:7,700 SF
Transaction Type:Sale

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

4 deals$32.7M volume(516) 916-4180
BROKER

Details

SOLD
IMAGE: Jimmy Lorenzo & Frank Caporrino DATE: 09/10/2019 ADDRESS: 43 Westchester Square MARKET: Bronx ASSET TYPE: Mixed-use SELLER: Joseph Cassata BUYER: Sam Aran BROKERS: Frank Caporrino & Jimmy Lorenzo ASKING PRICE: $4,500,000 SALE PRICE: $3,900,000 SF: 7,700 PPSF: $506 UNITS: 6 PPU: $650,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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