@EdenAshourzadeh Acquires Retail Property On Grand Concourse In Fordham, Bronx From Gary Ziffer For $4.6M
2421 Grand Concourse, Bronx, NY, USA
$4,625,000
$640/SF
Building Size
7,216 SF
Asset Type
Retail
Closing
May 4, 2020
About this deal
AI
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
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
3.43%
Cash-on-Cash
-0.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93