Emenike Family Acquires Retail Property In Mount Hope, BX For $1.35M
SOLD
$1,350,000
+ 1
New York
See Similar DealsRetail4,500 SF
Sold 01/30/2019
SOLD
Emenike Family Acquires Retail Property In Mount Hope, BX For $1.35M
1820 Monroe Avenue, Bronx, NY 10457, USA
See Similar DealsRetail4,500 SF
Sold 01/30/2019
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$300
Total Square Footage:4,500 SF
Transaction Type:Sale
The retail property located at 1820 Monroe Ave. in Mount Hope, BX has been sold for a price of $1.35 million. The property has a total size of 4,500 square feet and a building square footage of 16,463. It was sold at a rate of $300 per square foot and $82 per building square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1.35M
- Address: 1820 Monroe Ave.
- Market: Mount Hope, BX
The transaction involved the sale of the property by the seller, Jehovah's Witnesses, to the buyer, the Emenike Family. The deal was facilitated by brokers Jonathan Squires, Addison Berniker, Michael Fioravanti, and Josh Neustadter from CushWake.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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