Kovi Wiener Of Chestnut Holdings Acquires Retail Asset In Bronx For $4.7M
152 West 231st Street & 3071 Bailey Avenue
$4,700,000
$249/SF
Building Size
18,838 SF
Asset Type
Retail
Closing
Oct 2, 2024
AI
This retail asset, located at 152 West 231st Street & 3071 Bailey Avenue in the Bronx, has a sale price of $4,700,000. The asset encompasses a total square footage of 9,419 square feet, resulting in a price per square foot of $498.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,700,000
- Buyer: Kovi Wiener
- Seller: Herbert Freedman
- Brokers: Giancarlo Cugini & Karl Brumback - JLL
- Market: Bronx
The transaction involved Kovi Wiener representing Chestnut Holdings as the buyer, while Herbert Freedman acted as the seller. The brokers facilitating the transaction were Giancarlo Cugini and Karl Brumback from JLL.
Players
Bronx 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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93