262-266 LLC Acquires Retail Property On 266 E Gun Hill Road In New York For $2.5M
266 E Gun Hill Rd, The Bronx, NY 10467, USA
Building Size
7,300 SF
Asset Type
Retail
Closing
Sep 16, 2017
AI
J & O Surgical Supply Co Inc sold a retail property located at 266 E Gun Hill Road in New York City's boroughs market for a price of $2,500,000. The property is situated at a prime location on Gun Hill Road.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 266 E Gun Hill Road
- City: New York
- Market: NYC Boroughs
The buyer, 262-266 LLC, acquired the property from J & O Surgical Supply Co Inc. The deal was facilitated by John Joseph Rivera, @davidlchera, Kassin Sabbagh Realty (Buyer Rep), and Houlihan and O’Malley Real Estate Services (Seller Rep).
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93