Raylin Fabre Acquires Retail Property In Kingsbridge, Bronx For $3.1M
W 231 St, The Bronx, New York 10463, United States
$3,100,000
$696/SF
Building Size
4,450 SF
Asset Type
Retail
Closing
Dec 9, 2021
About this deal
AI
The retail property located at 184 West 231 Street in Kingsbridge, Bronx has been sold for $3,100,000. The property has a building square footage (BSF) of 11,907 and a price per BSF (PPBSF) of $260. The total square footage (SF) is 4,450 with a price per square foot (PPSF) of $697. The property is zoned as R6 and C1-3, allowing for retail use. The lot size is 4,900 square feet with dimensions of 45.25 ft x 99.75 ft.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,100,000
- Market: Kingsbridge, Bronx
- Zoning: R6, C1-3
The buyer of the property is Raylin Fabre, while John Narlis is the seller. The previous sale of the property was on December 21, 2007, for $0. The property falls under tax class 4 and has a floor area ratio (FAR) of 0.91.
NOTE: No additional information available regarding the deal.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93