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
About this deal
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
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