Klosed Properties Acquires Mixed-Use Property In Belmont, Bronx For $1.77M
SOLD
$1,767,000
+ 2
New York
See Similar DealsMixed-use9,145 SF
Sold 05/27/2020
SOLD
Klosed Properties Acquires Mixed-Use Property In Belmont, Bronx For $1.77M
657-659 East 187th Street, Bronx, NY, USA
See Similar DealsMixed-use9,145 SF
Sold 05/27/2020
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$193
Total Square Footage:9,145 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$94,240.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,277.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,376.48
Annual Debt Service$100,517.78
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