facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

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

Michael Fioravanti

H2C Securities

Broker

$82.8M

vol

15 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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