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.
On the Map
$3,200,000
$533/SF
Retail
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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