Isaac Malekan Acquires Mixed Use Property On White Plains Rd In Wakefield, Bronx For $1.125M
4509 White Plains Rd, The Bronx, NY 10470, USA
$1,125,000
$250/SF
Building Size
4,500 SF
Asset Type
Mixed-use
Closing
Jun 4, 2020
AI
A mixed-use property located at 4509 White Plains Rd in Wakefield, Bronx has been sold in a closed transaction. The property consists of 4 units with a total square footage of 4,500. The asking price for this property was $1,200,000, and it was sold for $1,125,000, at a price per square foot of $250. The seller of this property was Lloyd G. Blake, while the buyer was Isaac Malekan.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $1,125,000
- Address: 4509 White Plains Rd, Wakefield, Bronx
- Market: Wakefield, Bronx
- Square Footage: 4,500
- Sale Price per Square Foot: $250
- Units: 4
- Seller: Lloyd G. Blake
- Buyer: Isaac Malekan
The transaction was facilitated by Cayce Ortale and Richard Torres from RASEquitypartners, who represented the buyer and seller, respectively.
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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93