Donna Shavolian Acquires Mixed Use Property In Tremont,Bronx For $4M
601 East Tremont Avenue, Tremont, Bronx, NY, USA
$4,000,000
$409/SF
Building Size
9,764 SF
Asset Type
Mixed-use
Closing
Oct 28, 2021
About this deal
AI
The mixed-use property located at 601 East Tremont Avenue in Tremont, Bronx has been sold for $4,000,000. The property encompasses a total building area of 23,750 square feet, resulting in a price per square foot of $168. The overall square footage of the property is 9,764, translating to a price per square foot of $410. The lot size is 4,750 square feet, with dimensions measuring 131.33 ft x 559 ft. The property falls under zoning classification C4-5X and has a floor area ratio (FAR) of 2.06. The previous sale of the property occurred on December 4, 2009, for $0. The property is currently classified under tax class 4.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $4,000,000
- Market: Tremont, Bronx
- Zoning: C4-5X
- Buyer: Donna Shavolian
- Seller: Darren S Berger
Donna Shavolian served as the buyer in this transaction, while Darren S Berger acted as the seller.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93