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
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