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1820 Monroe Avenue, Bronx, ...

Emenike Family Acquires Retail Property In Mount Hope, BX For $1.35M
SOLDRetail

Emenike Family Acquires Retail Property In Mount Hope, BX For $1.35M

1820 Monroe Avenue, Bronx, NY 10457, USA

$1,350,000

$300/SF

Building Size

4,500 SF

Asset Type

Retail

Closing

Jan 29, 2019

AI

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

Addison Berniker

Cushman & Wakefield

Broker

$55.5M

vol

18 deals

Broker
JW
Jehovah’s WitnessesSeller

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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93