@KlosedProperties Acquires Mixed-Use Property In Bronx For $1.4M
777-779 Elton Avenue, The Bronx, NY, USA
$1,400,000
$150/SF
Building Size
9,300 SF
Asset Type
Mixed-use
Closing
Feb 7, 2021
About this deal
AI
Located at 777-779 Elton Avenue in Bronx, this mixed-use property recently sold in a closed transaction. The property spans across 9,300 square feet and was sold for a total price of $1,400,000, resulting in a price per square foot of $150. The transaction took place on February 8, 2021.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,400,000
- Address: 777-779 Elton Avenue
- Market: Bronx
The buyer of the property is Adam Hajibai, Steven Kachanian, Jacob Namdar, and Klosed Properties. On the other hand, Christopher Ryan acted as the seller. The deal was facilitated by brokers Jessica Pepe from Citicore and Timour Shafran from CitiCore.
On the Map
$1,400,000
$150/SF
Mixed-use
View full map
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Jacob Namdar to view all their deals.
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93