Drew Dvorkin's Bibbo Group Acquires Retail Property On 238th Street In Bronx For $3.2M
SOLD
$3,200,000
New York
See Similar DealsRetail6,000 SF
Sold 03/30/2023
SOLD
Drew Dvorkin's Bibbo Group Acquires Retail Property On 238th Street In Bronx For $3.2M
204-220 West 238th Street
See Similar DealsRetail6,000 SF
Sold 03/30/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$533
Total Square Footage:6,000 SF
Transaction Type:Sale
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.
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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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