Russel Fridman Acquires Mixed-Use Property In Bronx For $1.3M
SOLD
$1,300,000
New York
See Similar DealsMixed-use3,500 SF
Sold 04/29/2020
SOLD
Russel Fridman Acquires Mixed-Use Property In Bronx For $1.3M
72 Westchester Square, The Bronx, NY 10461, USA
See Similar DealsMixed-use3,500 SF
Sold 04/29/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$371
Total Square Footage:3,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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