Hasan Biberaj Acquires Retail Property In Bronx, New York For $4.3M
SOLD
$4,300,000
New York
See Similar DealsRetail37,000 SF
Sold 07/25/2018
SOLD
Hasan Biberaj Acquires Retail Property In Bronx, New York For $4.3M
2415 East Tremont Avenue, Bronx, NY 10461
See Similar DealsRetail37,000 SF
Sold 07/25/2018
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$116
Total Square Footage:37,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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