@KlosedProperties Acquires Mixed-Use Property In Bronx For $1.4M
SOLD
$1,400,000
+ 3
New York
See Similar DealsMixed-use9,300 SF
Sold
SOLD
@KlosedProperties Acquires Mixed-Use Property In Bronx For $1.4M
777-779 Elton Avenue, The Bronx, NY, USA
See Similar DealsMixed-use9,300 SF
Sold
+ 3
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$150
Total Square Footage:9300 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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