Rudy Fuertes Of Fine Fare Supermarkets Acquires Retail Property From The D'Angelo Family For $5.65M
2410 White Plains Road
$5,650,000
$273/SF
Building Size
20,680 SF
Asset Type
Retail
Closing
Oct 17, 2024
About this deal
AI
The retail asset located at 2410 White Plains Road in the Bronx was sold for $5,650,000. The property encompasses a total square footage of 20,680, resulting in a price per square foot of $273.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,650,000
- Address: 2410 White Plains Road
- Market: Bronx
- Sale Price per Square Foot: $273
- Buyer: Rudy Fuertes - Fine Fare Supermarkets
- Seller: The D'Angelo Family
- Brokers: Karl Brumback & Giancarlo Cugini - JLL
Rudy Fuertes, representing Fine Fare Supermarkets, acquired the property from the D'Angelo Family, with the transaction facilitated by brokers Karl Brumback and Giancarlo Cugini from JLL.
On the Map
$5,650,000
$273/SF
Retail
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Players
Bronx 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
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93