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2028 White Plains Road, Bro...

David Levitan Acquires Retail Property In Bronx For $3.2M With Buyer's Rep Jess Pham & Jonathan Hakimian - SP Capital Group
SOLDRetail

David Levitan Acquires Retail Property In Bronx For $3.2M With Buyer's Rep Jess Pham & Jonathan Hakimian - SP Capital Group

2028 White Plains Road, Bronx, NY, 10462, USA

$3,200,000

$193/SF

Building Size

16,500 SF

Asset Type

Retail

Closing

Sep 30, 2021

AI

Located at 2028 White Plains Rd. in the Bronx, this retail property was recently sold in a transaction completed on September 30, 2021. The property spans a total of 16,500 square feet and was sold for $3,200,000, resulting in a price per square foot of $193. The buyer, David Levitan, acquired the property from the seller, Angelo Mpazicos.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: $3,200,000
  • Address: 2028 White Plains Rd.
  • Market: Bronx

Representing the buyer, David Levitan, in this transaction were Jess Pham and Jonathan Hakimian from SP Capital Group. On the other hand, Thomas Donovan and Tommy Lin, from 6RealEstate Advisors, represented the seller, Angelo Mpazicos.

Players

Jonathan Hakimian

Broker

$45.3M

vol

8 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

David Levitan

Buyer

$70.9M

vol

4 deals

Buyer

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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93