Anver Levy Acquires Retail Property In Bronx From Florence Walker For $4.5M
2640 Jerome Avenue, Bronx, NY, USA
$4,500,000
$690/SF
Building Size
6,516 SF
Asset Type
Retail
Closing
Apr 21, 2021
AI
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.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93