Paul Gagliardi Acquires Retail Property In Fordham, Bronx For $13.8M
2535 Webster Avenue, The Bronx, New York 10458, United States
$13,800,000
$1,315/SF
Building Size
10,492 SF
Asset Type
Retail
Closing
Dec 15, 2021
AI
The retail property located at 2535 Webster Avenue in Fordham, Bronx has been sold. The transaction took place on 12/16/2021. The property is zoned as C4-4 and has a total square footage of 10,492. The buyer, Paul Gagliardi, purchased the property from the seller, Jason Fishkind, for a price of $13,800,000. The building's square footage is 16,512, with a price per square foot of $836. The lot size is 4,800, and the last recorded sale of the property was on 9/24/2019 for $8,000,000. The property dimensions are 79.67 ft x 61.75 ft.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $13,800,000
- Zoning: C4-4
- Buyer: Paul Gagliardi
- Seller: Jason Fishkind
- Total Building Square Footage: 16,512
- Price per Building Square Foot: $836
- Total Square Footage: 10,492
- Price per Square Foot: $1,315
- Lot Size: 4,800
- Last Sale Price: $8,000,000 (9/24/2019)
- Lot Dimensions: 79.67 ft x 61.75 ft
Note: The property is classified as Tax Class 4 and has a Floor Area Ratio (FAR) of 2.19.
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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93