Empire State Equities Acquires Retail Condo In Bronx's Bedford Park For $1.45M
2962 Jerome Ave, The Bronx, NY 10468, USA
$1,450,000
$507/SF
Building Size
2,856 SF
Asset Type
Retail
Closing
Jun 19, 2019
About this deal
AI
A retail condo located at 2962 Jerome Avenue in The Bedford Park neighborhood of Bronx was recently sold in a closed transaction. The property measures 2,856 square feet and was sold for a sale price of $1,450,000. The asking price for the retail condo was $1,600,000, resulting in a price per square foot of $507.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $1,450,000
- Address: 2962 Jerome Avenue
- Market: The Bedford Park, Bronx
- Square Footage: 2,856
The seller of the retail condo was Russ Friedman, while the buyer was Empire State Equities represented by Paul Sohayegh. The brokers involved in the deal were John Squires and Addison Berniker.
On the Map
$1,450,000
$507/SF
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
About $507 per square foot on a published $1.5M for 2,856 square feet (2019).
Visit Jonathan Squires to view all their deals.
Browse New York retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93