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72 East 190th Street, Bronx...

Doug Peterson Of City Skyline Realty Acquires Mixed-Use Property In Fordham Heights For $4.6M
SOLDMixed-use

Doug Peterson Of City Skyline Realty Acquires Mixed-Use Property In Fordham Heights For $4.6M

72 East 190th Street, Bronx, NY 10468, USA

$4,600,000

$135/SF

Building Size

33,968 SF

Asset Type

Mixed-use

Closing

Apr 4, 2021

AI

The mixed-use property located at 66 E. 190th St. and 72 E. 190th St. in Fordham Heights has been sold. The sale took place on 04/05/2021 and was facilitated by brokers Eric Roth, Jonathan Squires, and Tyler Signora. The property spans a total of 33,968 square feet and consists of 40 units. The sale price for the property was $4,600,000, resulting in a price per square foot of $135 and a price per unit of $115,000.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,600,000
  • Address: 66 E. 190th St. & 72 E. 190th St.
  • Market: Fordham Heights
  • Brokers: Eric Roth, Jonathan Squires, Tyler Signora
  • Buyer: Doug Peterson - City Skyline Realty
  • Seller: The Joremi Family

Doug Peterson, representing City Skyline Realty, acted as the buyer in this transaction. The seller was the Joremi Family. The brokerage team involved in the deal includes Eric Roth, Jonathan Squires, and Tyler Signora from Team Shapiro Building Sales at CushWake.

Players

Jonathan Squires

Cushman & Wakefield

Broker

$712.3M

vol

93 deals

Broker

Doug Peterson

City Skyline Realty

Buyer

$25.3M

vol

4 deals

Buyer

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

3.45%

Cash-on-Cash

-0.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93