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Isaac Malekan Acquires Mixed Use Property On White Plains Rd In Wakefield, Bronx For $1.125M

Property Image
SOLD
$1,125,000
Richard Torres
Cayce Ortale
IM

New York

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Mixed-use4,500 SF
Sold 06/05/2020
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Property Image
SOLD

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

See Similar Deals
Mixed-use4,500 SF
Sold 06/05/2020
Richard Torres
Cayce Ortale
IM
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$250
Total Square Footage:4,500 SF
Transaction Type:Sale

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

Cayce Ortale
Cayce Ortale
6 deals$11.6M volume
BROKER
Richard Torres
Richard Torres
11 deals$24.8M volume
BROKER
IM
Isaac Malekan
5 deals$8.7M volume
BUYER

Details

SOLD
IMAGE: IMAGE: Richard Torres & Cayce Ortale (@Cayce_Calabrese) DATE: 06/05/2020 ADDRESS: 4509 White Plains Rd MARKET: Wakefield, Bronx ASSET TYPE: Mixed Use ASKING PRICE: $1,200,000 SALE PRICE: $1,125,000 SF: 4500 PPSF: $250 UNITS: 4 PPU: $312,500 SELLER: Lloyd G. Blake BUYER: Isaac Malekan BROKERS: Cayce Ortale & Richard Torres @RASEquitypartners

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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