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@EdenAshourzadeh Acquires Retail Property On Grand Concourse In Fordham, Bronx From Gary Ziffer For $4.6M

Property Image
SOLD
$4,625,000

New York

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Retail7,216 SF
Sold 05/04/2020
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Property Image
SOLD

@EdenAshourzadeh Acquires Retail Property On Grand Concourse In Fordham, Bronx From Gary Ziffer For $4.6M

2421 Grand Concourse, Bronx, NY, USA

See Similar Deals
Retail7,216 SF
Sold 05/04/2020
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$640
Total Square Footage:7,216 SF
Transaction Type:Sale

Located in Fordham, Bronx, the retail property at 2421-2425 Grand Concourse & 2437-2442 Grand Concourse has been sold in a recent transaction. The sale took place on 05/04/2021 with a sale price of $4,625,000. The property spans a total square footage of 7,216, with a price per square foot of $640. The building is comprised of 13,946 buildable square feet, equating to a price per buildable square foot of $331.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,625,000
  • Address: 2421-2425 Grand Concourse & 2437-2442 Grand Concourse, Fordham, Bronx
  • Market: Fordham, Bronx
  • Buyer: @EdenAshourzadeh
  • Seller: Gary Ziffer
  • Total Square Footage: 7,216
  • Price per Square Foot: $640
  • Buildable Square Footage: 13,946
  • Price per Buildable Square Foot: $331

The buyer for this transaction is @EdenAshourzadeh, while the seller is Gary Ziffer. The deal marks a significant transaction in the retail property market in Fordham, Bronx.

Players

EA
Eden Ashourzadeh
37 deals$116.7M volume
BROKER
EA
Eden Ashourzadeh
37 deals$116.7M volume
BUYER
EA
Eden Ashourzadeh
37 deals$116.7M volume
BUYER

Details

SOLD
IMAGE: 05/04/2021 ADDRESS: 2421-2425 Grand Concourse & 2437-2442 Grand Concourse MARKET: Fordham, Bronx ASSET TYPE: Retail BUYER: @EdenAshourzadeh SELLER: Gary Ziffer SALE PRICE: $4,625,000 BSF: 13,946 ~ PPBSF: $331 SF: 7,216 ~ PPSF: $640

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$246,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,431.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,924.86
Annual Debt Service$263,098.31