Samuel Echezona Acquires Mixed-Use Property In Mott Haven, Bronx For $1.85M
51 Bruckner Boulevard, Bronx, NY 10454
$1,850,000
$361/SF
Building Size
5,120 SF
Asset Type
Mixed-use
Closing
Jan 20, 2022
About this deal
AI
Located in Mott Haven, Bronx, the mixed-use property at 51 Bruckner Boulevard has been sold in a closed transaction. The asset, consisting of 5,120 square feet, was acquired by Samuel Echezona for a sale price of $1,850,000. With a price per square foot of $361, this property offers a great investment opportunity. The transaction was facilitated by the seller, Arkadia Property Group, and the buyer was represented by Mitchel Flaherty from B6 Real Estate Advisors.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,850,000
- Address: 51 Bruckner Boulevard
- Market: Mott Haven, Bronx
This closed transaction showcases the commitment of both the buyer, Samuel Echezona, and the seller, Arkadia Property Group, in the real estate market. The involvement of Mitchel Flaherty, a broker from B6 Real Estate Advisors, further exemplifies the expertise and professional representation in the deal.
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93