Mordechai Family Acquires Retail Property In New York City For $2.55M
196 E 161 St Bronx, NY 10451, USA
$2,550,000
$536/SF
Building Size
4,755 SF
Asset Type
Retail
Closing
Jul 11, 2023
AI
A retail property located at 196 East 161st Street in New York City has been sold for $2,550,000. The property spans 4,755 square feet, resulting in a price per square foot of $536. The transaction took place on July 11, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,550,000
- Square Footage: 4,755
- Price Per Square Foot: $536
- Address: 196 East 161st Street, New York City
The buyer of the property is the Mordechai Family, while the seller is the DeCicco Family. The transaction was facilitated by brokers Roni Soleimani and Josh Pomerantz from SP Capital Group.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93