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531 West 235th Street

Les Lerner Sells Mixed-Use Asset At 531 West 235th Street In Riverdale For $4.75M
SOLDMixed-use

Les Lerner Sells Mixed-Use Asset At 531 West 235th Street In Riverdale For $4.75M

531 West 235th Street

$4,750,000

$378/SF

Building Size

12,541 SF

Asset Type

Mixed-use

Closing

Dec 12, 2024

AI

The property asset involved in the transaction is a mixed-use building located at 531 West 235th Street in the Riverdale market. The sale price is $4,750,000, with a total square footage of 12,541 and a price per square foot of $378.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,750,000
  • Address: 531 West 235th Street
  • Market: Riverdale
  • Seller: Les Lerner
  • Broker: Samia Farah - KSR
  • Square Footage: 12,541
  • Price per Square Foot: $378

The key individuals involved in the transaction include the seller, Les Lerner, and the broker representing the deal, Samia Farah from KSR. They played significant roles in finalizing the sale of the mixed-use property in the specified market.

Players

Samia Farah

Kassin Sabbagh Realty

Broker

$14.2M

vol

5 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

Bronx 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

3.34%

Cash-on-Cash

-0.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93