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Aziz Tareb Acquires Retail Property In Bronxdale, Bronx For $5.6M

Property Image
SOLD
$5,600,000
YJ
AT

New York

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Retail9,800 SF
Sold 10/14/2022
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Property Image
SOLD

Aziz Tareb Acquires Retail Property In Bronxdale, Bronx For $5.6M

2131 Barnes Avenue, The Bronx, New York 10462, United States

See Similar Deals
Retail9,800 SF
Sold 10/14/2022
YJ
AT
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$571
Total Square Footage:9,800 SF
Transaction Type:Sale

A retail property located at 2131 Barnes Avenue in Bronxdale, Bronx has been sold in a closed transaction. The property is zoned as R7-1 and C1-3, allowing for various commercial uses.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,600,000
  • Market: Bronxdale, Bronx
  • Built Square Footage: 34,400
  • Price Per Square Foot: $162
  • Lot Size: 10,000 square feet
  • Lot Dimensions: 100 ft x 100 ft
  • Tax Class: 4
  • Permits: Alteration 2 (04/28/2017)

Aziz Tareb has acquired the property from Yuval Jacob for a total of $5,600,000. The property spans approximately 34,400 square feet, with a price per square foot of $162. Its lot size measures 10,000 square feet, specifically 100 feet by 100 feet. The transaction falls under tax class 4, and there is an alteration permit issued on April 28th, 2017.

Players

AT
Aziz Tareb
7 deals$32.2M volume
BUYER
YJ
Yuval Jacob
2 deals$39.3M volume
SELLER

Details

SOLD
IMAGE: 10/14/2022 ADDRESS: 2131 Barnes Avenue MARKET: Bronxdale, Bronx ASSET TYPE: Retail ~ ZONING: R7-1, C1-3 BUYER: Aziz Tareb SELLER: Yuval Jacob PRICE: $5,600,000 BSF: 34,400 ~ PPBSF: $162 SF: 9,800 ~ PPSF: $571 FAR: 0.98 TAX CLASS: 4 LOT SIZE: 10,000 PERMITS: Alteration 2 (04/28/2017) LOT DIMENSION: 100 ft x 100 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$298,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,895.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,546.86
Annual Debt Service$318,562.28