Russell Fridman Acquires Retail Property In Bronx For $4.3M
1480 Williamsbridge Rd, The Bronx, NY 10461, USA
Building Size
78,000 SF
Asset Type
Retail
Closing
Feb 12, 2018
AI
The property at 1480-1484 Williamsbridge Rd in New York, Bronx is a retail asset that was recently sold. The transaction took place on February 13, 2018, and the property was purchased by Russell Fridman for a price of $4,282,000. The property spans 7,800 square feet and has a price per square foot of $549. The seller in this transaction was Eben Ascel Corp.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,282,000
- Square Footage: 7,800 sf
- Price Per Square Foot: $549
- Address: 1480-1484 Williamsbridge Rd, New York, Bronx
- Market: Bronx
Silber Investment Properties, represented by Mike J. Marino & Chin Ho Park, facilitated the deal between the buyer, Russell Fridman, and the seller, Eben Ascel Corp. This transaction demonstrates the active real estate market in the Bronx and the value placed on retail properties in the area.
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93