Mark M. Benun, Bert I. Dweck, Jonathan Diaz & Seven Star Family LLC Acquire Retail Property In Highbridge, Bronx For $7M
SOLD
$7,000,000
New York
See Similar DealsMultiFamily12,645 SF
Sold 09/07/2023
SOLD
Mark M. Benun, Bert I. Dweck, Jonathan Diaz & Seven Star Family LLC Acquire Retail Property In Highbridge, Bronx For $7M
1091 Ogden Ave Bronx, NY 10452, USA
See Similar DealsMultiFamily12,645 SF
Sold 09/07/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$553
Total Square Footage:12,645 SF
Transaction Type:Sale
The retail property located at 1091 Ogden Avenue in Highbridge, Bronx has been sold for a price of $7,000,000. The property spans 12,645 square feet, resulting in a price per square foot of $554. The transaction was completed on September 7, 2023. The seller of the property was Bradford S. Barr.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,000,000
- Address: 1091 Ogden Avenue, Highbridge, Bronx
- Market: Highbridge, Bronx
- Square footage: 12,645
- Price per square foot: $554
The buyers of the property are Mark M. Benun, Bert I. Dweck, Jonathan Diaz, and Seven Star Family LLC. They were represented by their broker, Mark M. Benun & Bert I. Dweck. This successful transaction signifies the active real estate market in the Highbridge area of Bronx.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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