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2573 Decatur Avenue

Michael Chang Acquires Retail Property At 2573 Decatur Avenue Bronx For $1M With Cushman & Wakefield
SOLDRetail

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

John Ciraulo

Cushman & Wakefield

Broker

$747.3M

vol

48 deals

Broker

Michael Chang

Buyer

$11M

vol

3 deals

Buyer

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