Seoane Realty Corp. Sells Belmont Mixed-Use Property For $7.3M
610 Crescent Ave, Little Italy, The Bronx, NY, USA
$7,300,000
$188/SF
Building Size
38,838 SF
Asset Type
Mixed-use
Closing
Mar 2, 2021
About this deal
AI
Located in Belmont, the property at 610, 612, and 614 Crescent Ave. is a mixed-use asset with a total of 49 units. The property, which has a zoning classification of R6 and C2-4, spans a total of 38,838 square feet. The transaction took place on March 3, 2021. The property was sold by Seoane Realty Corp., represented by Marie S. Johnson, to an undisclosed buyer. The Lakeshore Realty Team, comprising Vasel Dedvukaj, Alban Dedvukaj, and Ilir Dedvukaj, facilitated the transaction. The Lakeshore Realty Team can be contacted for new opportunities in the New York and Connecticut markets.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $7,300,000
- Address: 610, 612 & 614 Crescent Ave.
- Market: Belmont
- Zoning: R6, C2-4
For inquiries or further information, please reach out to [email protected] or contact Alban Dedvukaj directly at (480) 266-7720 or the Lakeshore Realty Team at (203) 546-8536.
Players
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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93