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Black Bear Capital Acquires Mixed-use Property In East Harlem For $1.8M

Property Image
SOLD
$1,800,000
Robert (Rob) Shapiro
Jordan Sutton
+ 4

New York

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Retail1,500 SF
Sold 02/22/2022
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Property Image
SOLD

Black Bear Capital Acquires Mixed-use Property In East Harlem For $1.8M

2118 2nd Avenue, New York City, New York 10029, United States

See Similar Deals
Retail1,500 SF
Sold 02/22/2022
Robert (Rob) Shapiro
Jordan Sutton
+ 4
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,200
Total Square Footage:1,500 SF
Transaction Type:Sale

Located at 2118 Second Avenue in East Harlem, this mixed-use property was recently sold in a transaction. The property spans 5,000 square feet and features a sale price of $1,800,000, translating to a price per square foot of $360.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,800,000
  • Address: 2118 Second Avenue
  • Market: East Harlem

The buyer of the property was Black Bear Capital, represented by Jake Croman, Adam Croman, Jeremy Tahari, and Jack Haroche. On the other hand, the seller was Dante Cappi. The deal was facilitated by brokers Jordan Sutton and Robert Shapiro from Cushman & Wakefield.

Players

33 deals$246.4M volume(917) 284-1406
BROKER

Jordan Sutton
33 deals$246.4M volume(917) 284-1406
BROKER


Robert (Rob) Shapiro
CBRE
78 deals$882.9M volume(212) 984-8082
BROKER

Jeremey Tahari
Black Bear Capital Partners
16 deals$59.5M volume
BROKER

Jeremey Tahari
Black Bear Capital Partners
16 deals$59.5M volume
BROKER

Jeremey Tahari
Black Bear Capital Partners
16 deals$59.5M volume
BROKER

Cushman & Wakefield
BROKERAGE

Jeremey Tahari
Black Bear Capital Partners
16 deals$59.5M volume
BUYER

Jeremey Tahari
16 deals$59.5M volume
BUYER


Jake Croman
Black Bear Capital Partners
10 deals$57.4M volume
BUYER

Jake Croman
10 deals$57.4M volume
BUYER

Jake Croman
10 deals$57.4M volume
BUYER

Adam Croman
Black Bear Capital Partners
10 deals$32.7M volume
BUYER

Adam Croman
10 deals$32.7M volume
BUYER

Details

SOLD
IMAGE: Jordan Sutton, Robert Shapiro, Jake Croman, Jeremy Tahari, Adam Croman & Jack Haroche DATE: 02/22/2022 ADDRESS: 2118 Second Avenue MARKET: East Harlem ASSET TYPE: Mixed-use BUYER: Black Bear Capital - Jake Croman (@JakeCroman1) & Adam Croman (@AdamCroman1), Jeremy Tahari (@Jeremey) & Jack Haroche (@Jharoche16) SELLER: Dante Cappi BROKERS: Jordan Sutton (@JSutto12) & Robert Shapiro (@RMShapiro) - Cushman & Wakefield SALE PRICE: $1,800,000 SF: 5,000 ~ PPSF: $360

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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