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
About this deal
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.
On the Map
$1,300,000
$371/SF
Mixed-use
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Players
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