David Yero Acquires Retail Property In Bronx For $6.25M
SOLD
$6,250,000
New York
See Similar DealsRetail19,626 SF
Sold
SOLD
David Yero Acquires Retail Property In Bronx For $6.25M
1553 Westchester Avenue, Bronx, NY, USA
See Similar DealsRetail19,626 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$318
Total Square Footage:19626 SF
Transaction Type:Sale
The property involved in this closed transaction is a retail asset located at 1553-1559 Westchester Avenue in the Bronx. The property has a total square footage of 19,626, with a sale price of $6,250,000. The building has a buildable square footage of 34,452 and a price per buildable square foot of $181. The property is zoned as C4-2 and is situated on a lot with dimensions of 100.17 feet by 104.58 feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,250,000
- Market: Bronx
- Zoning: C4-2
The buyer in this transaction is David Yero, while the seller is Crown Acquisitions. The brokers who facilitated the deal were Nathan Elmekies and Isaac Mograby from Elmekies Equities.
Players
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,204.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,628.19
Annual Debt Service$355,538.26
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