David Yeroshalmi Acquires Retail Property From BLDG Management For $7.5M In Bronx
1591 Westchester Avenue
$7,500,000
$406/SF
Building Size
18,457 SF
Asset Type
Retail
Closing
Oct 9, 2026
About this deal
AI
The retail asset located at 1591-1601 & 1630 Westchester Avenue in the Bronx was sold for $7,500,000. The property encompasses a total square footage of 18,457, resulting in a price per square foot of $406.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,500,000
- Address: 1591-1601 & 1630 Westchester Avenue
- Market: Bronx
- Buyer: David Yeroshalmi
- Seller: BLDG Management
- Brokers: Daniel O'Brien, Jeff Fishman, Danny Jones, Caroline Hodes & Harry Singer - Newmark
- Square Footage: 18,457
- Price Per Square Foot: $406
The transaction involved multiple brokers from Newmark, including Daniel O'Brien, Jeff Fishman, Danny Jones, Caroline Hodes, and Harry Singer, who were crucial in facilitating the sale. The seller was BLDG Management, while the buyer was David Yeroshalmi.
On the Map
$7,500,000
$406/SF
Retail
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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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93