Curtis Roberts Sells Mixed-use Property In Bronx For $2.15M With Mitchel Flaherty As The Broker
724 Elton Avenue, Bronx, NY, USA
$2,150,000
$187/SF
Building Size
11,500 SF
Asset Type
Mixed-use
Closing
Aug 25, 2021
About this deal
AI
The mixed-use property located at 724 Elton Avenue & 467 East 155th Street in the Bronx has been sold for a price of $2,150,000. Spanning 11,500 square feet, the property has a price per square foot of $186. The sale took place on August 25, 2021. The transaction was facilitated by Mitchel Flaherty from B6 Real Estate, representing the seller Curtis Roberts.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,150,000
- Address: 724 Elton Avenue & 467 East 155th Street
- Market: Bronx
- Square Footage: 11,500
- Price Per Square Foot: $186
- Seller: Curtis Roberts
- Broker: Mitchel Flaherty - B6 Real Estate
The sale of this mixed-use property in the Bronx was successfully executed with the assistance of Mitchel Flaherty, who represented the seller Curtis Roberts. The transaction showcases the demand and value of mixed-use properties in the Bronx market.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93