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3800 East Tremont Avenue

Ahsan Qazi Sells Office Building In Throggs Neck & Kingsbridge Heights For $3.07M
SOLDOffice

Ahsan Qazi Sells Office Building In Throggs Neck & Kingsbridge Heights For $3.07M

3800 East Tremont Avenue

$2,450,000

$365/SF

Building Size

6,700 SF

Asset Type

Office

Closing

Apr 30, 2026

AI

The property asset involved in this transaction is located at 3800 East Tremont Avenue & 3320 Fort Independence in the Throggs Neck & Kingsbridge Heights market of the Bronx. The asset type is classified as office space, encompassing a total square footage of 8,100. The sale was executed at a price of $3,070,000, which translates to a price per square foot of $379.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $3,070,000
  • Square Footage: 8,100
  • Address: 3800 East Tremont Avenue & 3320 Fort Independence
  • Market: Throggs Neck & Kingsbridge Heights, Bronx
  • Price Per Square Foot: $379
  • Seller: Ahsan Qazi
  • Broker Representatives: Jared Friedman, David Roman, & Daniel Morrison - Investment Property Realty Group (IPRG)

Jared Friedman, David Roman, and Daniel Morrison from Investment Property Realty Group (IPRG) acted as broker representatives in this transaction, facilitating the sale of the office property for the seller, Ahsan Qazi.

Players

Jared Friedman

Investment Property Realty Group (IPRG)

Broker

$33.9M

vol

25 deals

Broker

Bronx Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.47%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93