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72 Westchester Square, The ...

Russel Fridman Acquires Mixed-Use Property In Bronx For $1.3M
SOLDMixed-use

Russel Fridman Acquires Mixed-Use Property In Bronx For $1.3M

72 Westchester Square, The Bronx, NY 10461, USA

$1,300,000

$371/SF

Building Size

3,500 SF

Asset Type

Mixed-use

Closing

Apr 28, 2020

AI

The mixed-use property located at 72 Westchester Square in the Bronx has been sold in a closed transaction. The property spans 3,500 square feet and was sold for a price of $1,300,000, resulting in a price per square foot of $371.

Summary of transaction details

  • Property Type: Mixed-use
  • Sale Price: $1,300,000
  • Square Footage: 3,500
  • Price Per Square Foot: $371
  • Address: 72 Westchester Square, Bronx

Represented by Michael Fioravanti and Jonathan Squires, the seller of the property was Claudette Schaffer. The buyer of the property was Russel Fridman.

Players

Jonathan Squires

Cushman & Wakefield

Broker

$721.4M

vol

95 deals

Broker

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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93