Zohar Yaish Acquires Retail Strip In Allerton, Bronx For $3.2M
2542 Boston Rd, The Bronx, NY 10467, USA
$3,200,000
$36/SF
Building Size
88,740 SF
Asset Type
Retail
Closing
May 27, 2019
AI
Located in Allerton, Bronx, the retail strip at 2542-2550 Boston Road has recently been sold in a closed transaction. The property spans across 8,874 square feet and was listed with an asking price of $3,500,000. The sale was finalized at a price of $3,200,000, resulting in a price per square foot of $360. The property is situated in a thriving market, offering great potential for business opportunities.
Summary of transaction details
- Property Type: Retail Strip
- Asking Price: $3,500,000
- Sale Price: $3,200,000
- Square Footage: 8,874
- Price Per Square Foot: $360
- Market: Allerton, Bronx
The seller of the property is Louis Buoninfante, while the buyer is Zohar Yaish. Representing the deal were brokers Eric Roth, Jonathan Squires, and Addison Berniker. Their expertise and negotiation skills played a crucial role in facilitating this successful transaction. This deal showcases the dedication and professionalism of all the individuals involved.
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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93