Gary Spindler Acquires Retail Property In Fordham, Bronx For $1.55M
2304 Jerome Avenue
$1,550,000
$347/SF
Building Size
4,465 SF
Asset Type
Retail
Closing
Sep 20, 2023
AI
A retail property located at 2304 Jerome Avenue in Fordham, Bronx has been sold for a price of $1,550,000. The property has a total area of 4,465 square feet, resulting in a price per square foot of $347.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,550,000
- Square Footage: 4,465
- Address: 2304 Jerome Avenue, Fordham, Bronx
- Market: Fordham, Bronx
The deal was facilitated by Giancarlo Cugini and Karl Brumback of JLL, who represented both the buyer, Gary Spindler, and the seller, The Rosenberg Family. The transaction marks an important milestone for all parties involved.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93