Horizon Investors Group Acquires Retail Property In Bronx For $13.4M
SOLD
$13,400,000
New York
See Similar DealsRetail57,256 SF
Sold 08/18/2022
SOLD
Horizon Investors Group Acquires Retail Property In Bronx For $13.4M
290 Baychester Avenue, The Bronx, New York 10475, United States
See Similar DealsRetail57,256 SF
Sold 08/18/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$234
Total Square Footage:57,256 SF
Transaction Type:Sale
The retail property located at 290 Baychester Avenue, 2090 Bartow Avenue, and 308 Baychester Avenue in Bronx has been sold for a total price of $13,400,000. The property spans an area of 57,256 square feet, resulting in a price per square foot of $234. The transaction took place on August 18, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $13,400,000
- Address: 290 Baychester Avenue, 2090 Bartow Avenue, and 308 Baychester Avenue
- Market: Bronx
- Buyer: Horizon Investors Group - John Drahzal
- Seller: Prestige Properties - Mark Jones
John Drahzal from Horizon Investors Group represented the buyer, while Mark Jones from Prestige Properties represented the seller in this transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$714,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,607.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,522.84
Annual Debt Service$762,274.04
Is there something missing? Send suggestions