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
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