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
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