Hasan Biberaj Acquires Retail Property On 2020 Webster Avenue In Tremont, Bronx For $1.2M
SOLD
New York
See Similar DealsRetail4,838 SF
Sold 01/11/2022
SOLD
Hasan Biberaj Acquires Retail Property On 2020 Webster Avenue In Tremont, Bronx For $1.2M
2020 Webster Avenue, Bronx, NY 10457
See Similar DealsRetail4,838 SF
Sold 01/11/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$248
Total Square Footage:4,838 SF
Transaction Type:Sale
The retail property located at 2020 Webster Avenue in Tremont, Bronx has been sold in a transaction. The property spans 4,838 square feet and was sold for a price of $1,200,000, resulting in a price per square foot of $248.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $1,200,000
- Address: 2020 Webster Avenue
- Market: Tremont, Bronx
- Buyer: Hasan Biberaj
- Seller: Estate of Robert Farhadian
- Brokers: Sasha Mejia - R.A.S. Equity Partners, Richard Torres - R.A.S. Equity Partners, Shallini Mehra - Meridian Capital
- Square Footage: 4,838
- Price per Square Foot: $248
The buyer of the property is Hasan Biberaj, while the seller is the Estate of Robert Farhadian. The transaction was facilitated by Sasha Mejia and Richard Torres from R.A.S. Equity Partners, as well as Shallini Mehra from Meridian Capital.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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