Marcus & Millichap Brokers Sell Mixed-Use Property In South Bronx For $1.8M
652 Soundview Avenue, The Bronx, New York 10473, United States
$1,785,000
$238/SF
Building Size
7,500 SF
Asset Type
Mixed-use
Closing
Jan 24, 2022
About this deal
AI
Located in the South Bronx, the mixed-use property at 652 Soundview Avenue was recently sold for $1,785,000. The transaction took place on January 25, 2022. Spanning across 7,500 square feet, the property offers a total of 8 units. With a price per square foot of $238, the per unit price comes out to be $223,125.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,785,000
- Address: 652 Soundview Avenue
- Market: South Bronx
- Square Footage: 7,500
- Price per Square Foot: $238
- Number of Units: 8
- Price per Unit: $223,125
The sale of the property was facilitated by Seth Glasser and Mike Fusco from Marcus & Millichap. As the brokers representing the deal, they played an integral role in the successful transaction of this mixed-use asset in the South Bronx.
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
8.89%
Cash-on-Cash
-2.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93