Drew Dvorkin's Bibbo Group Acquires Retail Property On 238th Street In Bronx For $3.2M
204-220 West 238th Street
$3,200,000
$533/SF
Building Size
6,000 SF
Asset Type
Retail
Closing
Mar 30, 2023
About this deal
AI
The retail property located at 204-220 West 238th Street in Bronx, NY has been sold for a price of $3,200,000. The property spans across 6,000 square feet, resulting in a price per square foot of $533. The transaction took place on 03/30/2023, with the buyer being Drew Dvorkin from the Bibbo Group and the seller being Herb Freedman.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,200,000
- Square Footage: 6,000
- Price per Square Foot: $533
- Date: 03/30/2023
- Address: 204-220 West 238th Street, Bronx, NY
- Buyer: Drew Dvorkin – Bibbo Group
- Seller: Herb Freedman
The deal was facilitated by Karl Brumback and Giancarlo Cugini of JLL, representing both the buyer and the seller in the transaction.
Players
Market 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