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
About this deal
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.
On the Map
$13,400,000
$234/SF
Retail
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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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93