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1240 Edward L Grant Hwy, We...

Joseph A Alexander Acquires Retail Property In High Bridge From Steven Rosenberg For $13.8M
SOLDRetail

Joseph A Alexander Acquires Retail Property In High Bridge From Steven Rosenberg For $13.8M

1240 Edward L Grant Hwy, West Bronx, The Bronx, NY, USA

$13,797,662

$531/SF

Building Size

25,982 SF

Asset Type

Retail

Closing

Dec 9, 2020

AI

The retail property located at 1240 Edward L Grant Hwy in High Bridge has been sold in a recent transaction. The property is zoned as R9A and C2-4, allowing for various commercial uses. The sale took place on December 10, 2020.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $13,797,662
  • Address: 1240 Edward L Grant Hwy
  • Market: High Bridge
  • Zoning: R9A, C2-4

Joseph A Alexander has acquired the property as the buyer in this transaction. On the other hand, Steven Rosenberg acted as the seller.

The property measures approximately 25,982 square feet and has a building square footage (BSF) of 444,056. The price per square foot (PPSF) for the property is $531, and the price per building square foot (PPBSF) is $31.

Players

Steven Rosenberg

Seller

$30.7M

vol

3 deals

Seller

Bronx Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.15%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93