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2415 East Tremont Avenue, B...

Hasan Biberaj Acquires Retail Property In Bronx, New York For $4.3M
SOLDRetail

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

Richard Torres

Broker

$24.8M

vol

11 deals

Broker

New York 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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93