Michael Chang Acquires Retail Property At 2573 Decatur Avenue Bronx For $1M With Cushman & Wakefield
2573 Decatur Avenue
$1,000,000
$484/SF
Building Size
2,065 SF
Asset Type
Retail
Closing
Dec 21, 2025
AI
This retail asset located at 2573 Decatur Avenue in the Bronx has a sale price of $1,000,000. The property encompasses a total area of 2,065 square feet, which translates to a price per square foot of $484.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,000,000
- Address: 2573 Decatur Avenue
- Market: Bronx
- Square Footage: 2,065
- Price Per Square Foot: $484
- Buyer: Michael Chang
- Seller: Provident Loan Society of New York
- Brokers: Jonathan Squires, John Ciraulo, Josh Neustadter & Austin Weiner - Cushman & Wakefield
Michael Chang is the buyer of the property, while the seller is Provident Loan Society of New York. The brokerage firm involved in this transaction is Cushman & Wakefield, represented by Jonathan Squires, John Ciraulo, Josh Neustadter, and Austin Weiner.
Players
Bronx 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93