Alex Adjmi Acquires Retail Property In Melrose, Bronx For $4.7M
30 E 170th St, The Bronx, NY 10452, USA
$4,743,000
$365/SF
Building Size
12,962 SF
Asset Type
Retail
Closing
Jul 26, 2020
About this deal
AI
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.
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
3.34%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93