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
Bronx Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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