American Community Bank Provides $1.3M Loan For Acquisition Of Retail Property In Bronx
1436 E Gun Hill Rd Bronx, NY 10469, USA
$1,310,000
$170/SF
Building Size
7,700 SF
Asset Type
Retail
Closing
Jun 28, 2023
About this deal
AI
The retail property at 1436-1446 East Gun Hill Road in Bronx has been involved in a recent loan transaction. The property spans a total area of 7,700 square feet and is now under new ownership.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $1,310,000
- Loan Type: Acquisition
- Loan Terms: 5 Years Fixed / 25 Year Amortization
American Community Bank provided a loan amount of $1,310,000 for the acquisition of the retail property located at 1436-1446 East Gun Hill Road in Bronx. The loan terms include a 5-year fixed period and a 25-year amortization schedule. Eden Ashourzadeh is the landlord of the property, while Jason Au of Au Consultants Inc represented the buyer as the broker in this transaction.
On the Map
$1,310,000
$170/SF
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Jason Au to view all their deals.
Browse New York retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.11%
Cash-on-Cash
-3.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93