Gary Spindler Acquires Retail Property In Fordham, Bronx For $1.55M
SOLD
$1,550,000
+ 1
New York
See Similar DealsRetail4,465 SF
Sold 09/20/2023
SOLD
Gary Spindler Acquires Retail Property In Fordham, Bronx For $1.55M
2304 Jerome Avenue
See Similar DealsRetail4,465 SF
Sold 09/20/2023
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$347
Total Square Footage:4,465 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49
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