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Alkafi Family Purchases Mixed-Use Property From Luis Salcedo For $1.8M In Bronx

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SOLD
$1,800,000

New York

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MultiFamily11,921 SF
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SOLD

Alkafi Family Purchases Mixed-Use Property From Luis Salcedo For $1.8M In Bronx

1570 Webster Avenue

See Similar Deals
MultiFamily11,921 SF
Sold
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$151
Total Square Footage:11,921 SF
Transaction Type:Sale

The property at 1570 Webster Avenue, located in the Claremont area of Bronx, features a mixed-use asset comprising six apartments and three stores. The sale was concluded for $1,800,000, representing a price per unit of $200,000, and encompasses a total square footage of 11,921, which translates to a price per square foot of $150.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,800,000
  • Units: 9
  • Price Per Unit: $200,000
  • Square Footage: 11,921
  • Price Per Square Foot: $150
  • Buyer: Alkafi Family
  • Seller: Luis Salcedo
  • Broker Representatives: Jared Friedman, David Roman & Brandon Levy - Investment Property Realty Group (IPRG)

The transaction involved key individuals, including the Alkafi Family as the buyer and Luis Salcedo as the seller. The brokerage team representing the deal was from Investment Property Realty Group, consisting of Jared Friedman, David Roman, and Brandon Levy.

Players

Jared Friedman
23 deals$30.1M volume(646) 933-2615
BROKER

David Roman
Investment Property Realty Group (IPRG)
8 deals$9.9M volume(718) 360-9609
BROKER

Brandon Levy
Valden capital
6 deals$8.9M volume(631) 943-0494
BROKER

Details

SOLD
IMAGE: Jared Friedman & Brandon Levy DATE: 03/31/2025 ADDRESS: 1570 Webster Avenue MARKET: Claremont, Bronx ASSET TYPE: Mixed-use (6 Apts & 3 Stores) BUYER: Alkafi Family SELLER: Luis Salcedo BROKERS: Jared Friedman (@Jared_F11), David Roman & Brandon Levy (@BrandonLevyCRE) - Investment Property Realty Group (IPRG)(@IPRG_NY) SALE PRICE: $1,800,000 UNITS: 9 ~ PPU: $200,000 SF: 11,921 ~ PPSF: $150

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02