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290 Baychester Avenue, The ...

Horizon Investors Group Acquires Retail Property In Bronx For $13.4M
SOLDRetail

Horizon Investors Group Acquires Retail Property In Bronx For $13.4M

290 Baychester Avenue, The Bronx, New York 10475, United States

$13,400,000

$234/SF

Building Size

57,256 SF

Asset Type

Retail

Closing

Aug 17, 2022

AI

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

John Drahzal

Buyer

$13.4M

vol

1 deal

Buyer
PP
Prestige PropertiesSeller

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

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93