facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Sale

/

2542 Boston Rd, The Bronx, ...

Zohar Yaish Acquires Retail Strip In Allerton, Bronx For $3.2M
SOLDRetail

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

Addison Berniker

Cushman & Wakefield

Broker

$55.5M

vol

18 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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