Alex Adjmi Acquires Retail Property In Melrose, Bronx For $4.7M
SOLD
$4,743,000
New York
See Similar DealsRetail12,962 SF
Sold 07/27/2020
SOLD
Alex Adjmi Acquires Retail Property In Melrose, Bronx For $4.7M
30 E 170th St, The Bronx, NY 10452, USA
See Similar DealsRetail12,962 SF
Sold 07/27/2020
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$365
Total Square Footage:12,962 SF
Transaction Type:Sale
The retail property located at 30 East 170th Street in Melrose, Bronx has been sold in a closed transaction. The property spans a total building square footage (BSF) of 26,632 with a net rentable square footage (SF) of 12,962. The sale price for this transaction was $4,743,000, resulting in a price per BSF (PPBSF) of $178 and a price per SF (PPSF) of $365.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,743,000
- Address: 30 East 170th Street
- Market: Melrose, Bronx
- BSF: 26,632
- SF: 12,962
- PPBSF: $178
- PPSF: $365
The buyer in this transaction is Alex Adjmi and the seller is Ponce Bank.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$252,960.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,850.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,484.24
Annual Debt Service$269,810.88
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