Hasan Biberaj Acquires Retail Property In Bronx, New York For $4.3M
2415 East Tremont Avenue, Bronx, NY 10461
$4,300,000
$116/SF
Building Size
37,000 SF
Asset Type
Retail
Closing
Jul 24, 2018
AI
The retail property located at 2415 East Tremont Avenue in Bronx, New York has been sold for $4,300,000. The transaction took place on July 25, 2018. The property spans 37,000 square feet, resulting in a price per square foot of $115.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $4,300,000
- Address: 2415 East Tremont Avenue, Bronx, New York
- Market: Bronx
The seller of the property was Henry Tran, while the buyer was Hasan Biberaj. Both sides of the transaction were represented by Richard Torres, a broker. It is worth noting that the property was predominantly vacant at the time of the sale, and half of the building had vacate orders in place. There was no Certificate of Occupancy for the building.
Players
New York 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93