David Levitan Acquires Retail Property In Bronx For $3.2M With Buyer's Rep Jess Pham & Jonathan Hakimian - SP Capital Group
SOLD
$3,200,000
+ 2
New York
See Similar DealsRetail16,500 SF
Sold 09/30/2021
SOLD
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
See Similar DealsRetail16,500 SF
Sold 09/30/2021
+ 2
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$193
Total Square Footage:16,500 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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