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
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