Klosed Properties Acquires Mixed-Use Property In Belmont, Bronx For $1.77M
657-659 East 187th Street, Bronx, NY, USA
$1,767,000
$193/SF
Building Size
9,145 SF
Asset Type
Mixed-use
Closing
May 27, 2020
About this deal
AI
657-659 E. 187th Street in Belmont, Bronx has been sold in a recent closed transaction. The property is a mixed-use building and falls under tax class 2B. The sale took place on 05/27/2021.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,767,000
- Square Footage: 9,145
- Price per Square Foot: $193
- Address: 657-659 E. 187th Street, Belmont, Bronx
- Market: Belmont, Bronx
The buyer of the property is @KlosedProperties, represented by Steven Kachanian and Adam Hajibai. The seller in this transaction is Ralph Esposito.
The brokers involved in the deal include Jason Gold, Matt Gillis, and Daniel Mahfar from Ariel Property Advisors.
On the Map
$1,767,000
$193/SF
Mixed-use
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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
8.98%
Cash-on-Cash
-2.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93