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
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.
Players
Bronx 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
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93