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1480 Williamsbridge Rd, The...

Russell Fridman Acquires Retail Property In Bronx For $4.3M
SOLDRetail

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

Chin Ho Park

Silber Investment Properties

Broker

$5.9M

vol

2 deals

Broker

Russell Fridman

Buyer

$24.8M

vol

6 deals

Buyer
C
CorpSeller

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