Kassin Sabbagh Realty Secures $5.3M Acquisition Loan For Retail Property On White Plains Road, Bronx
4225 White Plains Road
$5,300,000
$299/SF
Building Size
17,700 SF
Asset Type
Retail
Closing
Apr 21, 2023
About this deal
AI
The retail property located at 4225 White Plains Road in Bronx has been involved in a recent transaction. The property spans across 17,700 square feet and was acquired by an undisclosed buyer.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,300,000
- Address: 4225 White Plains Road, Bronx
- Market: Bronx
Morris Dweck from KSR Capital represented the buyer in this acquisition. Kassin Sabbagh Realty served as the landlord for the deal. The loan provided for this transaction amounted to $5,300,000 and the loan type was acquisition.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93