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1245 Southern Blvd Bronx, N...

Peter Brusky Acquires Retail Property On Southern Boulevard In Crotona Park East, Bronx For $1.26M
SOLDRetail

Peter Brusky Acquires Retail Property On Southern Boulevard In Crotona Park East, Bronx For $1.26M

1245 Southern Blvd Bronx, NY 10459, USA

$1,260,000

$450/SF

Building Size

2,800 SF

Asset Type

Retail

Closing

Aug 16, 2023

AI

A retail property located at 1245 Southern Boulevard in Crotona Park East, Bronx, has been sold for a price of $1,260,000. The property spans an area of 2,800 square feet, resulting in a price per square foot of $450.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,260,000
  • Address: 1245 Southern Boulevard, Crotona Park East, Bronx
  • Market: Crotona Park East, Bronx
  • Buyer: Peter Brusky
  • Seller: Albert Rabizadeh
  • Broker: Itanel Rahmani - Venture Capital Properties

The deal was facilitated by Itanel Rahmani, representing Venture Capital Properties, as the broker. The buyer, Peter Brusky, and the seller, Albert Rabizadeh, agreed upon the transaction for the retail property.

Players

Itanel Rahmani

Venture Capital Properties

Broker

$481.9M

vol

29 deals

Broker

Market 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

12.59%

Cash-on-Cash

-3.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93