Hasan Biberaj Acquires Retail Property On 2020 Webster Avenue In Tremont, Bronx For $1.2M
2020 Webster Avenue, Bronx, NY 10457
$1,200,000
$248/SF
Building Size
4,838 SF
Asset Type
Retail
Closing
Jan 11, 2022
AI
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.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93