Anver Levy Acquires Retail Property In Bronx From Florence Walker For $4.5M
SOLD
$4,500,000
New York
See Similar DealsRetail6,516 SF
Sold 04/22/2021
SOLD
Anver Levy Acquires Retail Property In Bronx From Florence Walker For $4.5M
2640 Jerome Avenue, Bronx, NY, USA
See Similar DealsRetail6,516 SF
Sold 04/22/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$690
Total Square Footage:6,516 SF
Transaction Type:Sale
A retail property located at 2640 Jerome Avenue in Bronx has been sold in a closed transaction. The property has a total square footage of 6,516 and was sold for $4,500,000. The price per square foot for this transaction is $690.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 2640 Jerome Avenue
- Market: Bronx
Anver Levy is the buyer of this property, while Florence Walker is the seller. The transaction was facilitated by Sasha Mejia from RAS Equity Partners, who represented both parties in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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